Chidambaram: Strong presence

New Delhi, Oct. 16: Finance minister P. Chidambaram will inaugurate Confederation of Indian Industry's (CII) ‘made in India’ show, scheduled to be held in Shanghai this week.

The show is being organised by the apex chamber for the third consecutive year.

The earlier two shows were held in Beijing in association with the department of industrial policy and promotion, ministry of commerce and industry and China Council for the Promotion of International Trade (CCPIT) Shanghai sub-council, China Chamber of International Commerce and Shanghai Chamber of Commerce.

The show will enable Indian industry to showcase its manufacturing prowess and enhance bilateral trade volume as well as diversify the trade basket.

The show will highlight the hydrocarbon pavilion that will include participation from GAIL (India) Limited, Oil and Natural Gas Corporation, Hindustan Petroleum, Bharat Petroleum, Engineers India Limited and Oil India.

Indian companies like ITC, Tata, ACC, Mahindra and Mahindra and Sundaram Fasteners will also participate in this show.

The non-conventional energy sources from India would be represented by Suzlon Energy, NEPC India, Malavalli Power Plant and World Institute of Sustainable Energy.

In the services sector, three leading nationalised banks ? the State Bank of India, Punjab National Bank and Canara Bank ? will take part and the tourism ministry along with the state tourism corporations will also participate.

There will be representations from small and medium enterprises and information technology, auto component, food processing, gems and jewellery, pharmaceutical and bio-technology sectors.

According to the latest Chinese customs statistics, bilateral trade with India during the first eight months of this year touched $12.2 billion and is set to cross $13.6 billion that was achieved in 2004. The volume of trade in January-August between the two countries is up by 40.4 per cent over the same period last year.