Beijing: At a seminar jointly organised by Indian Consulate in Shanghai along with Municipal Government of Yangzhou and Confederation of Indian Industry (CII) on Saturday on Saturday, India invited Chinese companies to invest in India.

Titled ‘‘India-China Business & Investment Seminar- Opportunities in IT, Engineering & Allied Sectors’’ the speakers at the seminar highlighted the opportunities in India.

They provided an overview of India’s FDI policy, basic tax and business laws and financing options.

Consul General Riva Ganguly Das led a delegation of Indian companies and banks from the Eastern China Region to Yangzhou, a press release issued by the Consulate said.

Senior Representatives from companies such as Aditya Birla Group, BHEL, ICICI Bank Ltd., Infosys, Jiangsu Sterlite Tongguang Fiber Co. Ltd,  Elgi Equipments took part in the meeting.

Officials from Mahindra Satyam, NIIT, PTC Global, State Bank of India, TCS, Tata Steel, Thermax, Wipro Infrastructure Engineering and CII also participated.

Receiving the Indian delegation  Xie Zhengyi, Mayor of Yangzhou conveyed the strong interest of the Yangzhou Municipal administration in deepening cooperation in IT, Engineering & allied sectors with India, a press release from the Consulate said.

Wen Daocai, Vice Mayor of Municipal Government of Yangzhou, said the joint initiative offered a unique opportunity to Yangzhou based companies to engage with Indian
companies.

He gave an overview of the Overseas Investment Policy of Yangzhou.

Daocai said the policy encourages suitable Chinese  companies in "Going Global" by way of favorable policy, speedy approval and financial assistance.

Das said with a combination of factors such as macro- economic stability, consistent growth, abundant skilled manpower and  well-developed banking and judicial system, among other things, India offered attractive returns to prospective Chinese investors.

The Seminar provided Indian and Chinese companies with a platform to forge new business alliances as well as promote two-way investments, the release said.

Altogether 80 participants from more than 50 Yangzhou based companies, government officials participated in the Seminar. The delegation also visited the Yangzhou IT Park.

(Agencies)