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To attract Chinese investors SBI to set up special desk

Posted by BrickAcres on March 28, 2016
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To woo potential Chinese investors as part of its efforts to attract
investments from China under the ‘Make in India’ campaign,The Shanghai
branch of the State Bank of India will launch a special desk .

The special China desk, to operate from Monday, will be largely based
on the lines of the Japan desk set up in New Delhi, SBI officials
attending the ‘India-China Business Forum’ being held in the Chinese
city of Wuxi said.The special desk will provide advisory services, they
said.

More than 20 Indian firms are taking part in the India-China Business
and Investment Forum aimed at introducing latest investment
opportunities under the ‘Make in India’ campaign to their Chinese
counterparts.

The Shanghai-based desk will be handled by Chinese banking executives,
Swaminathan said, and will be led by Jean Liu, a banking executive who
worked earlier for several Chinese and foreign investment banks in
China.

The launch of the desk comes at a time when India is courting Chinese
investment to push the “Make in India” initiative and for a number of
infrastructure projects, including industrial parks for automobiles,
power, solar projects and real estate developments.

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