Chinese FDI to set up SEZs likely post-2014 polls
NEW DELHI: Despite the PM making a strong pitch for Chinese FDI into India in industrial parks, this is not likely to happen in a hurry.
A Chinese delegation was in India in the past few weeks to check out possible sites for industrial parks, or special economic zones (SEZs). While they actually wanted to go to Gujarat, Maharashtra and Tamil Nadu, Indian trade bureaucrats insisted they visit Uttar Pradesh and Haryana. Sources said the Chinese delegation will have to come back for several more surveys before they can zero in on appropriate sites.
Sources said that both sides are working on the groundwork for setting up Chinese “clusters” on the lines of the Japanese. Japanese companies operate out of dedicated areas like at Neemrana in Rajasthan, something that Chinese firms have indicated they would be comfortable with. However, sources in China said they would begin the process of identifying sites, but would take a call only after the general elections next year.
A Chinese delegation was in India in the past few weeks to check out possible sites for industrial parks, or special economic zones (SEZs). While they actually wanted to go to Gujarat, Maharashtra and Tamil Nadu, Indian trade bureaucrats insisted they visit Uttar Pradesh and Haryana. Sources said the Chinese delegation will have to come back for several more surveys before they can zero in on appropriate sites.
Sources said that both sides are working on the groundwork for setting up Chinese “clusters” on the lines of the Japanese. Japanese companies operate out of dedicated areas like at Neemrana in Rajasthan, something that Chinese firms have indicated they would be comfortable with. However, sources in China said they would begin the process of identifying sites, but would take a call only after the general elections next year.
NAME -
MITHILESH KUMAR CHAUBEY
PGDM 1SEM
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