By IANS
Mumbai : Over 150 Chinese companies will converge in the city Dec 13-15 at the fifth China Product Exhibition, which is expected to generate business worth Rs.1 billion.
“With the slowdown in the US economy, China is aggressively pursuing its partnership and business plans with India, as the two countries are expected to dominate world trade in the years to come,” said a statement of the joint organiser of the exhibition, popularly known as the China Mumbai Expo.
The exhibition is organised jointly by China Council for International Trade and Worldex India Exhibition and Promotion Pvt Ltd.
“The three-day event — which saw 40,000 visitors from across the country last year — shall facilitate striking of deals, joint ventures and signing of major contracts between Indian and Chinese businessmen,” the statement said.
“The fourth edition organised last year resulted in business deals worth about Rs.700 million. The figure is likely to go up to Rs.1 billion this year.”
The exhibition will feature a diverse product portfolio ranging from air compressors, building equipment, construction and interiors, cosmetic and beauty products, diesel engine and diesel generators, electrical appliances, electronics, fabrics and garments, food and beverages, gifts and toys, glassware, handicrafts, hardware and tools, health and hygiene, home appliances, industrial products, sanitary ware, stationery, and water pumps.
The Consulate General of the People’s Republic of China in Mumbai and three leading trade organisations, All India Association of Industries, India-China Chamber of Commerce and Industries and the Indian Merchants Chamber are supporting the event.