Sino-Indian Trade Increase Leads to Tyre Plant Possibility

Spurred on by the sharp increase in trade between China and India, Chinese Consul General in Kolkata Mao Siwei has told news sources about the attractiveness of a joint venture to set up a tyre plant in West Bengal.

Trade between the countries has reached $38.7 billion in 2007, representing a rapid increase from the 1999 figure of $2 billion, leaving Siwei keen to continue the development with collaborative manufacturing ventures.

Speaking to journalists on Friday, the Consul General suggested that the Bengalese tyre unit would be a joint venture between a China-based and a Dubai-based company.