With India planning to invest over USD 1 trillion in infrastructure projects in the next five years, Chinese companies are gearing up to cash in on the opportunity. China Architectural & Industrial Glass Association (CAIGA) and China Building Material Exhibition & Trade Center (CBME), the two Chinese Trade Organisations in association with Asian Business Exhibitions & Conferences Ltd (ABECL) today announced to hold an International Glass Technical Equipment & Building Material Products Exposition on December 7-9, 2012 at Pragati Maidan. Over 250 Chinese companies will be participating in the exhibition with around equal number of Indian companies. This is the first announcement to strengthen the trade relationship between the two countries.
Economic and Commercial Counselor in the Chinese Embassy, Mr Peng Gang, said in the Press Conference on Glass Inter Tech 2012, “According to the India’s draft 12th Five-Year Plan, India will invest $ 1 trillion in infrastructure development. The firms of both sides can strengthen cooperation and investment in this sector. Chinese enterprises are ready and showing keen interest to cooperate with Indian industry (infrastructure). Growing building material demand in India offers huge potential for Chinese investments to cooperate in housing sector by bringing technology, equipment and construction material. During the past three years, mutual investments have boosted 10 times and Chinese enterprises have completed infrastructure projects in India worth over $ 10 billion. The Sino-India bilateral trade, which was $ 63 billion in 2010-11, is increasing significantly. From January to October this year, bilateral trade volume increased by 22 per cent to $ 60.6 billion, maintaining a strong momentum of growth.”
Mr. Zhang Baiheng, Secretary General, CAIGA said, “It is my tremendous honor to lead China glass delegation to India and present my warmest welcome & deepest appreciation to all leaders, delegates & friends from mass media. There is a Chinese old saying, ‘a good neighbor is better than a distant brother.’ India is our close & friendly neighbor, and is known as a great and gorgeous country. Personally I am profoundly attracted by the culture and history of India, and I feel very much cheerful to witness the remarkable achievement & development of the economy, technology and culture of India. India and China are both great countries with long history & huge population of about 2.5 billion (taken together) which is 2/3 of world’s total population. As the two biggest developing countries we are commonly faced with the mission of promoting economy and improving social prosperity.”
“With good intentions, CAIGA & CBME has entered into collaboration with ABEC to jointly organize the first trade exhibition in India on Glass Technology, Equipment & Building Material – Glass Inter Tech 2012. We will bring the best Chinese enterprises that have excellent products and high credit. We will also invite the most renowned experts & scholars from China to realize multi-dimensional exchange and communication to take the cooperation & association to a new level. ” – he further added
Speaking on the occasion, Sheng Meixin, Director CBME expressed, “As the world’s two largest developing countries, China & India not only enjoy traditional friendship between both countries there is also a huge space for cooperation in economic & trade areas. In recent decades, we have seen the rapid development in China, especially in the period since the reform & opening up. We know that construction & building materials industry in India is the second most active industry after Agriculture which is the foundation of India’s rapid industrialization & urbanization. The friendly exchanges between both countries will help promote the prosperity of India’s construction & building Materials industry and also boost up the development & progress of the economy and society of both the countries. For this purpose CAIGA & CBME together with ABECL will hold the Glass Inter Tech 2012 exhibition in India.”
“Representing China, we sincerely invite glass & building materials companies, trade organisations from China, India & other countries to actively participate in this exhibition. Let us take this great opportunity to promote our friendship, to enjoy the win-win cooperation, and to achieve common development.”
Stressing on the need for a focused and international show for Indian Glass Industry Manish Gandhi, Co-Director, ACETECH said, “Glass industry is growing at a faster pace globally, and India is no exception. With Glass finding a major application in construction, automobiles, consumer goods and packaging, the industry is expected to log a 17% CAGR in the next decade. The Glass industry is an integral part of the Indian economy and everyday life, Where Glass is a wonderful building material and finds great applications in architecture, construction, engineering, automotive and other applications other than this it is used in a myriad of consumer products ranging from food and beverage packaging, lighting products for homes, communications & much more.”
The glass industry in China commands 50% of global market share and has made tremendous advancement in terms of technology. ACETECH is the largest building material & construction show in India, spread across 5 cities and logging the attendance of all prominent builders, architects, developers, consultants, project managers etc.
