Press Release : Shangdong Provincial Federation of Industry and Commerce wants to grow trade with India

Shangdong Provincial Federation of Industry and Commerce
wants to grow trade with India

 A business delegation of Shangdon Provincial Federation of Industry and Commerce (SPFIC) signed a Memorandum of Understanding with All India Association of Industries and World Trade Centre Mumbai on September 28, 2015 at World Trade Centre Mumbai.

Zhao Yan Tong, the Vice Chairman of SPFIC said this was an auspicious time to sign MoU and it is just the beginning of a working relationship which has begun at the time of Indo-Chinese festivals.

“We were here at the time of your elephant God festival which concluded yesterday. We too were in the middle of the autumn festival in China. This signifies the bond between our two countries.

We have already signed MoU of friendly relationship and take this opportunity to have further cooperation with you,” said Tong.

Tong congratulated the AIAI and WTC Mumbai for hosting his delegation. He correlated the government policies of China to India and the efforts to make them successful by such visits.

“We are trying to follow economic strategy set by the President Hu Jintao. We want to use this opportunity to further the business relations and cooperation with the business community in Mumbai through the WTC Mumbai. Shandong is the largest province and huge contributor to the Chinese economy. Your business community will benefit coming to our province,” said Tong.

Tong highlighted the important sectors of Shandong province primarly food manufacturing and processes industry, vegetables and seafood, coal and oil.

Earlier, in his welcome, Vijay Kalantri President All India Association of Industries (AIAI) and Vice Chairman WTC Mumbai welcomed Tong and the delegation. He expressed pleasure singing the MoU and said WTC Mumbai and AIAI are committed to promote trade and exports for India. “We look forward to mutual working relations. We will help create more business opportunities for our Indian businessmen,” said Kalantri. He added, “Currently India-China has trade of nearly $800 billion which are expected to rise to $ 100 billion. We will definitely promote business links to Shandong province.”

Both Tong and Kalantri emphasised on the strong traditions that China and India share.

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Mr. Zhao Yantong, Vice Chairman, Shandong Federation of Industry & Commerce presenting a memento to Mr. Vijay Kalantri, President, All India Association of Industries and Vice Chairman, World Trade Center Mumbai  during an interactive meeting with Economic and Trade Delegation from Shandong, China at WTC Mumbai

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Exchange of signed MOUs between Mr. Zhao Yantong, Vice Chairman, Shandong Federation of Industry & Commerce and Mr. Vijay Kalantri, President, All India Association of Industries and Vice Chairman, World Trade Center Mumbai