Beijing: China will hold Buddhist conference and a Yoga summit in Beijing this month in order to expand the scope of cultural relations with India. 

Buddhist conference is slated to begin from June 18-20 this month and Yoga summit around the same time at the Chinese city of Guangzhou in which eminent persons from the two countries were scheduled to participate.

The Buddhist conference will dilate on the theme "Mapping Asia's history and culture".

"It will address how Buddhism defines Asia and became an integral part of its dynamic history," Arun Sahu, senior Indian diplomat, who heads the Indian Cultural Centre said On Saturday.

Like in the many South East Asian countries, the religion has taken deep roots in China ever since Huen Tsang (known as Xuan Zang in Chinese), the eminent ancient Chinese monk who travelled to India through the silk route in 630 AD to bring Buddhism to his country.

Xuan Zang (602 AD - 664 AD) travelled to India, on foot to seek Buddhist sutras and brought about 657 Sanskrit texts with him and translated them into Chinese.

He along with another Chinese monk Fa-Hien paved the way for spread of Buddhism in China. "While there were many different movements that integrated regions in Asia, Buddhism stood foremost as a cultural and intellectual event that linked the region in a unique way as it moved across the Asian space," Sahu said.

The conference would be addressed among others by Bihar Chief Minister, Nitish Kumar who will be arriving in China on Sunday for a study tour.

Simultaneously, the two countries are hosting China-India Yoga Summit at the industrial city of Guangzhou from June 16 to 19 in which the 93-year-old Indian yoga guru, B K S Iyengar would take part along with number of his associates from China.

Iyengar name has become synonymous with yoga in China after several Chinese yoga enthusiasts travelled to India since mid 1990s to learn the art of yoga from him.

Currently, China has about 30,000 yoga clubs, 150,000 yoga teachers and approximately 20 millions yoga practitioners.

Sino-India meet to woo investment

India and China on Saturday held a joint seminar at Yangzhou in China's Jiangsu province, inviting Chinese companies to investment in India.

Indian Consulate in Shanghai along with Municipal Government of Yangzhou and Confederation of Indian Industry (CII) organised 'India-China Business & Investment Seminar-Opportunities in IT, Engineering & Allied Sectors' to evoke interest among the Chinese companies to invest in India and to provide an overview of India’s FDI policy, basic tax and business laws, 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.

Chief Representatives, CEOs and senior executives of Aditya Birla Group, BHEL, ICICI Bank Ltd, Infosys, Jiangsu Sterlite Tongguang Fiber Co Ltd, Elgi Equipments, L&T, MphasiS, Mahindra Satyam, NIIT, PTC Global, SBI, TCS, Tata Steel, Thermax, Wipro Infrastructure Engineering and CII took part in the meeting.

Receiving the Indian delegation Xie Zhengyi, Mayor of Yangzhou conveyed the strong interest of the Yangzhou Municipal People's Government 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 that 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.

He said the policy encourages suitable Chinese companies in 'Going Global' by way of favourable policy, speedy approval and financial assistance.

Das said with a combination of factors such as macro-economic stability, consistent growth, abundant skilled manpower, well-developed banking and judicial system, a vibrant capital market and its large scale investment absorption capacity, India offered attractive returns to prospective Chinese investors.

With about a trillion dollars of investments expected in the Indian infrastructure sector in the next five–six years, there are a number of business opportunities for Chinese companies to invest in India, in infrastructure projects, dedicated freight corridors, subway lines and SEZs which are being created through Public Private Partnerships, she said.

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.