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Indian Embassy in China organizes seminars on investment opportunities in Automobile & Auto-Components Sectors in India

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The Embassy of India in Beijing organized two seminars on Investment Opportunities in Automobile & Auto-Components  Sectors in India in Chongqing and Changchun on July 11 and 13, respectively.
 
The events were a part of a series of industry and sector specific 'Make in India' events to be organized across China this year and were organized in partnership with the local Foreign Affairs Offices and China Council for Promotion of International Trade (CCPIT) Sub-Councils of both cities. 
 
During these seminars, Counsellor (Economic) Prashant Lokhande noted the important role played by the automobiles sector in India and highlighted the potential for collaboration between Indian and Chinese companies in this sector.  
 
Mr. Vinnie Mehta, Director General of the Automotive Component Manufacturers Association of India (ACMA) gave a detailed presentation on the strengths of India in the automotive sector and the areas for future growth. 
 
Mr. Vivek Abraham, Assistant Vice President, Invest India briefed the audience on the investment opportunities in the Auto Sector in India under the Make in India programme. Invest India is the official Investment Promotion and Facilitation Agency of the Government of India, mandated to facilitate investments into India. It is envisaged to be the first point of reference for potential investors.
 
Mr. Santosh Pai, Partner, Link Legal India Law Services gave a presentation introducing the legal and regulatory framework in India with a special focus on the Goods and Services Tax. 
 
Ms. Zhong Tiantian from Beiqi Foton Company Limited gave a presentation on the company's plans of expansion in India and their experience of working in India. 
 
A press release from the Embassy said the presentations were followed by a Question and Answers session where representatives of Chinese companies raised queries on the taxation structure in India and the incentives offered to Chinese investors in India. 
 
"These seminars received an overwhelming response with nearly 180 representatives from around a hundred Chinese auto companies in Chongqing and Changchun attending the events," the release added.
 
NNN
 
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