ICEC Council hosted a high level business delegation of more than 50 Chinese companies from various domains of smart cities like water and waste management, power, green energy, electronics, infrastructure and IT sectors which participated at the 2nd Smart Urbanation – Convention & Expo 2018, held in Hyderabad on March 22 and 23, 2018.
Officials from Invest India, Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) and Environment Protection Research Institute (EPTRI) addressed the Chinese delegates about the Indian scenario, current projects and investment openings in key sectors of infrastructure, energy and environment at the event.
“There has been a keen interest among Chinese companies to explore India as an investment destination especially in urban development projects,” said Mohammed Saqib, Secretary General, India China Economic & Cultural Council.
He further elaborated, “This is a significant initiative which is being provided to create opportunities for growth and employment in Telangana. It will also facilitate trade and enhance prospects of sharing knowledge and technical advancements between Telangana and China”
Renowned Chinese companies like BROAD Group; ZTE Corporation; China Datang Corporation; Powerchina International Group Ltd.; China ENFI Engineering Corporation; China Road and Bridge Corporation; Changsha Veega Group; Hunan Lake Weil Group; Yantai Jialong Nano Group; amongst others participated in the Expo.
On the side lines of this expo, ICEC Council along with the China Council for Promotion of International Trade – Hunan Sub-Council organized the India China Economic Forum on the evening 22nd March for cooperation between Hunan Province and Telangana in investment and trade opportunities. Mr. Zhang Bin, General Manager, Industrial and Commercial Bank of China, India addressed the gathering on why to invest in India and a Key Note address was delivered by Shri Bala Vinod Sudam, Chairman Real Estate and Infrastructure Sub-Committee & Executive Committee Member FICCI – Telangana State Council shared about the development of Smart Cities in India and the investment potential in the affordable housing sector.