India today asked China to invest in setting up manufacturing units in the country to bridge the widening trade deficit and create jobs in the country.
Commerce and Industry Minister Nirmala Sitharaman said India has signed an agreement with China in June to set up Chinese Industrial Parks in India.
“We are expecting Chinese to come and invest in India. We have been able to convince Chinese to manufacture those goods which they export…It is going to create more jobs in the country,” Sitharaman told reporters here.
She also said that both India and China are expecting announcements during the forthcoming visit of Chinese President Xi Jinping to India this month.
“With regard to Chinese President visit, we are expecting a lot and they are also expecting a lot…hopefully there will be lots of announcements,” she said.
Chosen excerpts by Job Market Monitor. Read the whole story at India wants China to set up manufacturing units in the country – The Economic Times.
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