Manmohan Singh to seek Chinese investment during Wen meeting
Trade and investment are expected to be major issues to figure in the meeting between Indian Prime Minisiter Manmohan Singh and his Chinese counterpart Wen Jiabao here on Monday against the backdrop of India’s concerns over growing imbalance in trade and lack of market access to Indian investments in certain sectors in China.
During the meeting on the sidelines of the ASEAN Summit here, Singh is expected to seek larger investments from China, particularly in the National Manufacturing and Investment Zones being set up in India, according to indications given by India’s Commerce Sharma on Monday.
The meeting between the Indian Prime Minisiters will cover all issues, Sharma told journalists onboard the Indian Prime Minisiter’s special flight while arriving for the ASEAN and East Asia Summits. The meeting between Singh and Wen, who have met a number of times during the last few years, could be their last as China has replaced its old guard with a new set of leaders. Sharma said that in the past, India has flagged, both at meetings at Indian Prime Minisiter level and Commerce Minister level, the issue of a “fair trade balance” and market access for India in IT and pharmaceutical sectors.