OREANDA-NEWS. November 12, 2013. "China and India CEO Forum", hosted jointly by the Chinese Ministry of Commerce and the Indian Ministry of Commerce and Industry, organized by China International Council for the Promotion of Multinational Corporations and the Federation of Indian Chambers of Commerce & Industry and supported by China Development Bank (CDB) and Reliance Anil Dhirubhai Ambani Group of India, was held today in Beijing.

Twenty Chinese and Indian entrepreneurs from infrastructure, energy and mining, finance, hi-tech and technology service sectors attended the meeting. All entrepreneurs attending the forum agreed that the fast and sustained development of the Chinese and Indian economies despite a complicated international situation at present has brought about important opportunities for the two sides to deepen their economic and trade cooperation. Both China and India should understand this big picture, strengthen strategic cooperation with each other and plan for the future of Sino-Indian economic and trade relations with a global vision. Entrepreneurs at the forum expressed willingness to further strengthen exchange and communication, improve mutual understanding and strengthen win-win cooperation in order to bring the Sino-Indian economic and trade relations to a new height. They promised to make more positive contributions to the prosperity and stability of the Asia-Pacific economy and to the recovery of the world economy. Entrepreneurs of the two countries made candid conversations on the specific difficulties and challenges in cooperation in different fields and have reached a lot of consensus.

Zheng Zhijie, Forum Chairman from the Chinese side and President of CDB said that as China’s largest bank to engage in foreign investment, financing and cooperation, CDB will continue to act as a bridge and use its advantages in medium and long-term investment and financing to offer strong support for deep cooperation between Chinese and Indian enterprises in different areas and make further and greater contributions to promote the development of economic and trade relations between China and India.

It is reported that CDB has been vigorously supporting Sino-Indian cooperation projects in recent years. So far, it has signed agreements in India that worth a total value of nearly 7 billion US dollars and its balance of loan in the country is over 5.1 billion US dollars. It is the largest Chinese bank in terms of loans in India and has promoted Sino-Indian cooperation in energy, mining, infrastructure, finance, planning and other areas.

Representatives from the Chinese Ministry of Commerce, Foreign Ministry, Indian Ministry of Commerce and Industry and Indian Embassy in Beijing attended China and India CEO Forum.