Much scope for India-China joint projects: Krishna


Beijing: India and China have a “considerable scope” for setting up joint ventures in infrastructure and Information and Techonolgy sectors, External Affairs Minister S.M. Krishna said here Tuesday.

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“considerable scope” exists for joint projects between the two countries as India needs huge investments in infrastructure covering sectors like power, roads, rail and telecommunication, Krishna said.

On the Chinese side, the outsourcing of IT services by state enterprises has only started recently. There is a huge potential waiting to be tapped, which would happen only by connecting Chinese users to Indian providers, the minister said addressing at the China Institute of International Studies.

Krishna, who is here on a four-day visit till April 8, said that the two neighbours should show maturity in dealing with longstanding bilateral issues, and face global challenges together.

“We have to accept that there will be outstanding issues between the two countries even as our relationship forges ahead. The true test of our maturity is how well we handle our problems,” said Krishna.

“As India and China manage their domestic priorities well, it has huge implications for global prosperity,” Krishna said.

Facing challenges of urbanisation, resource consumption, food and energy security, China and India can exchange best practices to benefit each other, the minister said, adding that there is much that can be gained through close cooperation.

About “competitive relationship” due to boundary disputes between New Delhi and Beijing, the minister said that it is up to the two countries to disprove such scenarios by “concrete examples of cooperation”.

A number of dialogues and forums already exist between India and China where both sides discuss bilateral, regional and global political issues, including boundary question, trade matters and water management.

“Regular meetings lead to better communication, more understanding and confidence,” said Krishna, encouraging an “intensive and sustained engagement” between the two systems.