President Pratibha Patil today finished his first state visit to China ask the operators in the two Asian giants to expand "models of collaboration" that would address the concerns of both sides to create a long-term partnership and realize their true profitable potential. Describes the six-day visit to China as "very creative", said Chairman of the relationship between the two countries have the potential to turn out to be "one of the largest economic and commercial family members century".
Addressing the India-China Business Forum here on the last day of her visit, Patil said that there was a need to make India''s export basket pretty envoy of his jurisdiction. The first Indian head of state to visit China in a decade, she said India is ready to do more business and welcomed asset by Chinese companies.
"For a long-term corporation, it is important that we develop models of cooperation that takes into account the concerns of both parties. I'm sure that will happen yet, as our financial relationship unfolds, she says.
Lauder growth in bilateral trade from a modest U.S. $ 3 billion in 2000 to an impressive U.S. $ 52,000,000,000 in 2008, said the president was still "good place" for further growth. "India's export basket to China is not representative of India 'expertise in some areas - such as pharmaceuticals and technical products stand for only a small part.
Similar India's famous IT industry has a limited presence in the Chinese domestic market, "she said.”There is good reason to believe that we will achieve the goals we have set ourselves for one U.S. dollar 60000000000 sales of two-way trade this year," she added.
During her talks with his Chinese complement Hu Jintao and Prime Minister Wen Jiabao in Beijing, Patil had sought access to the Indian pharmaceutical industry, IT and engineering firms."I am convinced that there is political will and strength of mind on both sides to quickly expand the vistas of cooperation," she said.
In 2009, tilted the trade imbalance between the two nations strongly against India. China had trade surplus of 16 billion U.S. dollars compared to a total of USD 44 billion bilateral trade and exports to India almost touched $ 30 billion.
Patil also said the financial potential to be truly realized, business, financial and other economic institutions in both countries will have to get to know each other well and develop "adequate comfort." "The impact of our cooperation can be felt all through the world," she said.
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