Home / Knowledge / News / Textiles / Indian firms operating in PRC to ramp up investments: CII

Indian firms operating in PRC to ramp up investments: CII

Aug '19
Pic: Shutterstock
Pic: Shutterstock
Most Indian companies present in China are planning to continue to invest there with ‘cautious optimism and confidence’ this year, according to a survey by the Confederation of Indian Industry (CII) and Evalueserve. The survey, ‘Business Climate for Indian Companies in China’, drew responses from 57 Indian companies in China and is the second such survey.

“The survey of Indian companies working in China shows cautious optimism and confidence as compared to the previous survey last year. Most companies do not see significant impact of the current trade situation between the US and China on their business,” said CII director general Chandrajit Banerjee.

As per the survey, 98 per cent of the respondents plan to make some investments in China in 2019 with two-fifths considering ramping up their investments over 2018. More information technology and business process outsourcing companies plan to make additional investments in 2019 compared to 2018, according to a CII press release.

Two thirds of the companies said that their business was very profitable or profitable in 2018, with higher earnings before interest and taxes (EBIT) than in 2017. Of the surveyed companies, 30 per cent generated revenues higher than CNY 100 million from China in 2018 and four of five respondents stated that their revenues in 2018 were higher than in the previous year.

The highest number of respondents, 72 per cent, invested in Shanghai, the most popular destination.

Among the challenges, while half the companies felt China’s innovation is more favourable than the worldwide average, rising labour cost, finding and retaining talent and stricter regulations were the top cited issues. Quality of products and services continues to be a key success factor in China.

Seventy four per cent of the companies said that trade friction involving China and the US has had no impact on their business. (DS)

Fibre2Fashion News Desk – India

Interviews View All

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Rajiv Sirohi, Shara

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2019

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

news category

Related Categories:

Advanced Search