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Wednesday, October 26, 2016

Win-win for China & India

The 5th China-India Cooperation Forum

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October 26, 2016. Shanghai – How China and India, the two largest economies in Asia which encompass about a third of the world’s population, can forge a mutually beneficial partnership by “Leveraging Complementarities”, was the focus of discussions at the 5th China-India Cooperation Forum held today on the Shanghai Campus. Sponsored by Tata Group, the Forum coincided with the birthday of Indian leader Mahatma Gandhi, which has been designated by the United Nations as the International Day of Non-Violence. Participants heard from Consul General of India in Shanghai HE Prakash Gupta, and both Indian and Chinese entrepreneurs.

“Opportunity knocks at the door only once – India is the biggest opportunity for China, if you miss it, you lose it forever,” said HE Prakash Gupta. “India is becoming more and more business friendly, the entry of foreign businesses into India has been largely facilitated; the current Indian government plans to strategically revamp and upgrade the country’s infrastructure from power supply to transport and housing – which fits perfectly in China’s advantages in projects of this kind. India welcomes investments from China.”

Startup mentor and private capitalist Mr. Sanjay Anandaram spoke about the entrepreneurship environment in India and how the country is transforming from an outsourcing-oriented economy to a powerhouse of entrepreneurship and innovation. “There are more than 4,200 tech startups, ranking India third in the world in terms of the number of tech startups, just behind the UK and the US,” he said.

Following on the success that some Chinese brands, such as the mobile phone and small appliance manufacturer Xiaomi, have had entering the Indian market, an increasing number of Chinese companies look to India after establishing themselves in their home market. Managing Director of the renowned branding agency DY Works, Ms. Alpana Parida offered some suggestions to Chinese companies about how to build their brands in India. “A business that wants to achieve success in India should know how to nurture a culturally sensitive brand by building a strong relationship with India through a strong local network and good product and pricing strategy.”

The audience also heard from Chairman of Shanghai Highly Group, Dr. Shen Jianfang; Chairman of Shanghai Desano Group, Dr. Li Jinliang and President of Tata Consultancy Services China, Mr. Sujit Chatterjee.