India teams up with Ernst & Young to woo Chinese investors

India in collaboration with a multi-national professional services giant on Monday organised an event in China's financial capital Shanghai focussing on potential business initiatives, including the Make in India campaign, to woo Chinese investors.

"EY India Attractiveness Survey 2015" organised by the Indian Consulate in Shanghai with Ernst & Young attracted several Chinese investors and officials. The event was attended by around 60 members representing Chinese enterprises, Law & Consultant Firms and local business chambers, the Consulate said in a statement.

Consul General Shri Prakash Gupta in his address briefed the Chinese entrepreneurs on the initiatives launched by the Indian government and the efforts made to ease the process of doing business in India.

He enumerated the recent changes in the FDI policy, business-friendly policies and also highlighted the business opportunities as available in some of the prominent sectors.

Pan Song, Managing Director of Fosun Group and the EY representatives for a panel discussion focussed on the advantages of India and the potential business opportunities under the "Make in India" campaign.

The panel deliberated on topics like "response of investors to the series of reforms", "key drivers to attract business/investment to India", "the trend of Chinese FDI into India", "expectation of Chinese investors from Indian government".

Gupta asked Chinese investors to join in the Make in India Week to be held in Mumbai from February 13 to 16, 2016.

The discussions also focussed upon the ongoing Skill India and Digital India initiatives.

Akhil Sambhar, Partner, EY India made a detailed presentation highlighting the liberalised FDI policies, the tax and regulatory framework for investment into India, the incentives that Government of India and provincial governments offer and the potential avenues of cooperation.