Liaison office to facilitate trade with India
The Xiamen Liaison Office for Overseas Investment & Trade was recently established in Mumbai, India.
Yan Hualong, China's deputy consul general in Mumbai, and Chen Lisheng, chief of the Xiamen Municipal Bureau of Commerce, attended the launching ceremony of the Mumbai office.
Real estate developer Xiamen C&D Corporation, Xiamen XGMA Machinery Co, exporter Golden Huanan Group, and accessory supplier Xiamen Yaoming Zhidai also attended the ceremony.
The liaison office is located at the Mumbai branch of Yaoming Zhidai.
This is the first time the Xiamen government has set up such an organization. Its purpose is to bridge the business circles of Xiamen and India through collaboration with local trade promotion organizations. India's resources in mining, agriculture, fisheries and manufacturing will be introduced to Xiamen businesses.
The liaison office will also conduct market research and update local business news.
India is an important trade partner of Xiamen. In 2014, bilateral trade between India and Xiamen reached $1.76 billion.
In recent years, India, as an emerging economy, has become a hotspot for international investment. Many Xiamen-based enterprises have been reviewing India as an investment destination.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.