New Delhi, June 13: India and China will form a forum of chief executive officers (CEOs) that will meet every year to brainstorm on matters of mutual interest.
The move forms part of a five-point agenda that CII president Anand Mahindra has set to broaden economic co-operation between the two countries.
Mahindra is leading a 30-member strong delegation of CEOs to Beijing and Shanghai, which will coincide with prime minister Atal Bihari Vajpayee’s visit to China.
The agenda includes launching an India Club in China to boost small and medium term enterprise co-operation and establishment of a CII office in Shanghai, which will serve as a reference point for the Indian and Chinese business communities.
CII also plans to develop a comprehensive India and China business website to enhance information availability to increase business and people to people contact.
The industry body will also host its “Made in India” and “hi-tech” shows in China in October. The CEOs’ delegation includes firms keen on Chinese market not only for exports but also for joint ventures, manufacturing and research and development purposes.
Some of the participants include Mahindra and Mahindra, Hero Corporate Services, Eicher, Ranbaxy, Orchid Chemicals and Pharmaceuticals, Tata International, Lupin, SBI, ICICI Bank and Sterling farm Research and Services amongst others.