To attract Chinese investors SBI to set up special desk

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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