China showing interest in India’s infrastructure sector
Ahead of China President Xi Jinping’s visit to the country, Beijing is showing a renewed interest in India infrastructure sectors, especially in winning road-building contracts. Sources said many Chinese teams have met road transport and highways ministry officials in recent weeks and have conveyed their interest in India’s large road projects, including those in which Japan is interested. Sources said China is also open to picking up a stake in the proposed entity to be formed on the lines of an asset reconstruction company (ARC) for the highway sector.
Chinese investors are looking at the roads, highways and expressway projects that run parallel to the projects with Japanese investments, the sources added. The investments could be either by directly participating in the bids or through a joint venture with Indian firms. They have expressed interest in taking up only construction contracts given their expertise in the area, an official said.
The interest that China is showing in the India’s infrastructure units is mainly because of the tour that the Indian delegates recently had in China in which they wanted to strengthen the bond between these two countries.
Source: The Financial Express
ARC, asset reconstruction company, Chinese investors, Indian firms, Infrastructure, Japanese investments, Joint venture, road transport and highways ministry
