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Trade links between India and China get stronger

Bilateral trade between India and China has grown manifold in recent times. India has emerged as the seventh largest export destination for China.

India’s import list of more than 200 items from China is mostly dominated by textiles, smart phones, LED, electrical and electronic equipment, machinery, boilers, organic chemicals, plastics, furniture, lighting, paper and paperboard, glass and glassware.

In the home life segment, the most popular imported items were furniture and lighting equipments to the tune of $6747.40 million in 2014 compared to $6014.60 million in 2013. Similarly, the import value of plastic and plastic items was $1716.90 million as against $1255 million in 2013. The value of Chinese imports in glass and glassware segment for 2014 was $296.60 million while the import value of paper and paper boards and pulp articles was $382.50 million.

A Chinese business delegation comprising 600 leading textile and manufacturers and traders of electronics and furniture is headed for a three-day business trip to India in December. The delegation is scheduled to visit Ahmedabad, Mumbai, Indore, Nagpur and Pune.

The Chinese manufacturers and traders are expected to interact with more than 25,000 Indian traders and captains of Indian industry.

 
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