Man­mo­han Singh to seek Chi­nese in­vest­ment dur­ing Wen meet­ing

The Pak Banker - - Front Page -

PHNOM PENH

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.

Min­is­ter Anand

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