Home / Knowledge / News / Textiles / ASSOCHAM signs MoU with China to promote SMEs
ASSOCHAM signs MoU with China to promote SMEs
28
Aug '14
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Small & Medium Enterprises (SMEs) of China have inked five MoUs in different sectors, including textiles and machines for garment industry, to promote and help the SMEs to exchange technologies and enter into joint venture partnerships.
 
Mr. DS Rawat, secretary general, ASSOCHAM, said India and China will identify the business opportunities in the SMEs segment across wide range of sectors from agricultural products to textiles and machinery.
 
With the growth in bilateral trade between India and China in the last few years, many Indian companies have started setting up Chinese operations to service both their Indian and MNC clientele in China.
 
India-China bilateral trade reached US$ 75.5 billion in 2011-12 with India’s trade deficit of about US$ 40 billion. In 2013-14, India’s trade deficit with China stood at $36.21 billion. This trade deficit can be reduced to sustainable levels through more exports from India to china as well as by China’s investing in building manufacturing capacities in India.
 
“China ranks 31st among countries contributing FDI to India. FDI inflows from China into India currently stand at $0.575 billion while that from India to China reached $0.898 billion,” according to ASSOCHAM paper.
 
The delegation also focused on strengthening ‘smart manufacturing’, solar energy, green houses/technologies, railway infrastructure supply stations buildings, and escalators for railway metro stations. 
 
ASSOCHAM will be holding a summit for Chinese companies to invest in India. ASSOCHAM shall also be organizing two exhibitions in two provinces of China in Guangdong and Chengdu during October this year.
 

Fibre2fashion News Desk - India


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search