Famous Webzhou city of China all set to 'Make in India'

The city, famous for its entrepreneur-led 'Wenzhou Model of growth', jointly hosted the launch of 'India China Economic and Cultural Center (ICECC)' with the Consulate General of India  at the famous Wenzhou Great Hall of the people this week.

As many as 120 leading entrepreneurs from the city who are looking at investing in India, along with the  city leadership (including vice-mayor and vice-chairman of Wenzhou CPPCC) participated in the event at the MoUs were signed, the Indian Consulate General said here today.

It was also decided that under the aegis of the ICECC, which will be exclusively channelizing all Wenzhou's activities towards India, an 'India Culture Week' would be organized in mid June 2016 in Wenzhou, during which an Indian Food Festival, an Indian Film Festival and Indian cultural festivals will be organized.

ICECC also brings together all leading Yoga clubs from Wenzhou, who will jointly organize the International Day of Yoga on 21 June 2016 in the citywith thousands of yoga lovers from Wenzhou joining in.

Mr. Sun Wei Qing (Johnson), local  entrepreneur and CEO of Sindoz, who also partnered in initiating the ICECC and would also be leading a business delegation from the city to attend the Make in India Week to be held in Mumbai from 13 - 18 February 2016.

Wenzhou entrepreneurs also put up an annual pavilion of Wenzhou's key exhibits every year in December in Mumbai.

The core strengths of Wenzhou small and medium industry include textile machinery, electronic goods, switches and electrical products, which also have a huge potential in India. Several Wenzhou manufacturers are also planning to set up manufacturing units in India in 2016.

Zhejiang Federation of Industry and Commerce (ZFIC) president Nan Cunhui(whos also heads Chint Group and had met Prime Minister Narendra Modi last year) has big investment plans for India in the range of 1.6 million dollars in the renewable energy sector.

Similarly, another leading group from Wenzhou, the Aokang Group, which is into leather, real estate development and textile machinery is also looking at investing in India, said its President Mr Wang. Yalong Group, one of China's leading group for technical training equipment, signed an MoU with a Rajasthan-based institution for supplying technical training equipment to further improve the skill set of youth in Jaipur.

With the opening of the ICECC, Wenzhou has become the first city in mainland China to have launched an exclusive center to promote economic and cultural activities in India, with approval of the Chinese Ministry of Commerce.

ICECC has planned a series of activities for 2016 in consultation with the Consulate General of India in 2016, which will be jointly organised in Wenzhou henceforth.

The Indian part at the launch of the ICECC in Wenzhou and the Business Forum on 'Make in India' was led by the Consul General of India in Shanghai and included China representative of CII and CEO?s from GMR and ICICI.