'Make in India' and 'Made in China' coming together?

To increase investments and address India’s concerns over $47 billion trade deficit, China has said it would make "every effort" to combine Prime Minister Narendra Modi's 'Make in India' initiative with its 'Made in China' programme.

"We are making every effort to fundamentally solve the issue. We need to find a new channel, new methodology to break the bottle neck," PTI reported, quoting Huang Xilian, deputy director general of the Asian Affairs department of the Foreign Ministry.

China is working to address the issue by promoting mutual investments to balance the trade. "We have agreed two industrial parks and encouraging more Chinese investments in India to promote exports to China," he said.

"We are ready to buy. This is next five years we are experted to import commodities from $10 trillion. We hope we could import as much as possible from India," Huang said.

He further said both the countries should try to combine 'Make in India' and 'Made in China' strategy together. The key word in India-China relationship should be development.

India's trade deficit with China averaged around $47 billion in last year's trade of over $70 billion.

Huang said China has sent delegation to India to discuss measures to increase imports.

China is importing films from India, he said, referring to recent success of Aamir Khan-starrer PK which grossed over $16 million.
(Image: Reuters)