AOC EXTENDS HAND TO MII

'ARK OF CHINA' EXTENDS HAND TO 'MAKE IN INDIA'
Tuesday, 28 October 2014   New Delhi

Responding to Prime Minister Narendra Modi’s ‘Make in India’ call, China’s Small Medium Enterprises are looking for tie-ups here.
Coming under the platform called ‘Ark of China’, the Chinese SMEs are exploring potentials for joint ventures and investing in Indian SMEs primarily managed by Indians. As of now about 10,000 SMEs are under the umbrella of ‘Ark of China’. It is learnt, at least, six Indian companies are likely to sign MoUs with their Chinese counterparts soon.
The Chinese firms are also looking at the e-retailing market in India which remains largely unregulated as of now. “SMEs of India and China can work as a joint family. This will not only boost business both sides but also create job opportunities in India,” said Dr Mark Shujun Ma, Chairman of Ark of China. He named myshopbazzar.com as one of those that have shown interest in tie-up with Chinese companies. Though internet penetration in India is way below Chinese expectations, yet they are looking at it as a potential market.