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Chinese delegation keen on joint ventures in Noida
Nov 26, 2014

 In what can generate jobs for local youths, a Chinese business delegation met entrepreneurs in Noida on Tuesday and expressed its desire for a collaboration in sectors like electronics, textiles, machinery and food processing in the twin cities of Noida and Greater Noida, and along the Yamuna Expressway.

In the meeting, various possibilities of collaborative industries that can be set up in the area were discussed. The Noida Entrepreneurs Association (NEA) pointed out to the Chinese delegation the drain of revenue caused by low-quality Chinese goods that have flooded the market.

"Chinese goods of poor quality have flooded our indigenous market. This has led to unemployment of local youths. To avoid the trend we've asked the delegation to work in collaboration and partnership to set up industries in Noida, Greater Noida and areas along Yamuna Expressway and they've agreed to our proposal," said Vipin Malhan, president NEA.

Malhan said this would not only ensure employment for local youths but also generate equal opportunity of business with quality products on revenue-sharing basis.

"The state government gets to earn revenue, the youth will get employment and the city will see exponential growth once the deals come through," said Malhan.

The Chinese delegation assured that it would firm up a plan to take the talks forward. It also invited NEA industrial heads to China for an exchange of ideas and training in technology and machinery.

The Chinese delegation included Shang Zeng Chong, head of business department; Duan Jie, head of Electric Good State; Fan Xiubin, head of Import Export Food Products; Duan Xuesong; Xiong Xiangren; Wang Jianhua; Chu Xiaomin; and Zhu Ronghua.