CII Communique - December, 2010

eport
engage with the Secretary-Generals of RECs to discuss
the opportunities for Indian business. CII organized an
interactive session with the six Secretary Generals of
the Regional Economic Communities on 15 November
in New Delhi. The opportunities exist in not only export
from Africa, but also those serving local markets planning
to expand to other countries within the REC and to the
entire continent.
The RECs that were represented by their Secretary-
Generals included: East African Community (EAC);
Common Market for Eastern & Southern Africa
(COMESA); Southern Africa Development Community
(SADC); Economic Community of West African States
(ECOWAS); Union of the Arab Maghreb (UMA); and
Community of Sahel-Saharan States (CENSAD).
The Secretary Generals spoke in unison of the
collaborative efforts of the Government of India in
the enhancement of the regional integration effort.
They reiterated the deepening of cooperation and
collaboration with India as a top regional priority, given
not only India’s growing emergence a global economic
power, but also the shared history and vision forged
and strengthened by the convergence of views and
attitudes.
Asia
China
S M Krishna visit China
S M Krishna, Foreign Minister of India, on 14 November
said that India placed special emphasis on trade
cooperation with China and welcomed more Chinese
enterprises to invest in Indian manufacturing and
infrastructure construction. He made the remarks in his
meeting with Chinese Foreign Minister Yang Jiechi in
Wuhan, capital of China’s Hubei Province, where the 10th
China-Russia-India foreign ministers’ meeting was held
from 14 - 15 November. The Chinese Foreign Minister
said that Sino-Indian relations have global influence as
well as strategic significance.
Zhou Yongkang visits India
Mr Zhou Yongkang, member of the Standing Committee
of the Political Bureau of the Central Committee of the
Communist Party of China (CPC) and Secretary of the
CPC Central Commission for Political and Legal Affairs
paid a three – day goodwill visit to India from 31 October
to 2 November. During his meeting with Ms Sonia Gandhi,
President of the Congress party and Mr Rahul Gandhi,
Party General Secretary, he said that the development of
China and India provided opportunities rather than posed
challenges to each other. Ms Gandhi said India and China
were ancient civilizations and also friendly neighbours. She
added that development of India and China has speeded
up the recovery of the world economy in the face of the
international financial crisis and hoped both sides could
strengthen coordination and cooperation further and
tackle various global issues in a better way to maintain
the favorable momentum of development.
Shanghai Electric - Reliance ADA ¤ Deal
Shanghai Electric Group, one of the three largest power
equipment makers of China, signed an $8.29 billion
deal on 29 October with Reliance ADA Group for the
supply of power equipment and related services over
a 10-year period. Shanghai Electric will sell 36 660MW
thermal power generation units, as well as spare parts
for three power stations to Reliance at the rate of three
to four units a year starting from 2011.
Kerala invites Chinese Investment
K A Kareem,
Minister for
Industries,
Kerala
Mr. K A Kareem, Minister for
Industries on Kerala, while
speaking at a meeting organized
by the Consulate General of India,
Shanghai and CII in Shanghai
on 15 November invited Chinese
businessmen to invest in Kerala.
Mr Kareem, who led a 4-member
delegation to China, highlighted the
investment opportunities in Kerala in
various areas including electronics
hardware, mineral - based projects, titanium sponge
plant, titanium dioxide for paints and pigments,
automotive parts, food processing etc.
Ms Riva Ganguly Das, Consul General of India,
Shanghai, said that Kerala also offered tremendous
opportunities in IT and other green technology
industries. About 50 representatives of various Chinese
and Indian companies based in Shanghai and adjoining
areas, including members of the CII India Business
Forum, participated in the meeting.
Chinese Solar Energy JV
Solar water heater producer, China Himin Solar Co, Ltd,
plans to launch a joint venture manufacturing plant in the
National Capital Region of India to produce solar water
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