October 19, 2003
India opens largest-ever trade show in China
Launching the largest-ever Indian industrial exposition in China, India's Commerce and Industry Minister Arun Jaitely said that a dynamic India, enjoying political stability and economic growth, is ready to join hands with China to accelerate trade ties to achieve the targeted US$10 billion in bilateral trade by end of 2004.
Noting that India-China economic relations have witnessed qualitative transformation in recent years, Jaitely said that during the first eight months of this year, bilateral trade has already crossed the $4 billion mark.
"At the current rate, the bilateral trade target of $10 billion that prime ministers of the two countries have set for us is within reach," Jaitely said while inaugurating the "Made in India" show, jointly organized by the Confederation of Indian Industry and the Indian embassy in China.
Jaitely stressed that the reform process initiated by India has not been affected by change of governments in India.
Posted by Norm M. Wada at October 19, 2003 9:32 PM | TrackBack
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