IMC’s India Calling Conference to China aims to reduce trade deficit and get investments
04/10/2013

Mumbai, April 5, 2013: IMC expects its flagship event, India Calling, to be held in China this year, to be a game changer.

Online PR News – 10-April-2013 – Mumbai/Maharashtra – Mumbai, April 5, 2013: IMC expects its flagship event, India Calling, to be held in China this year, to be a game changer. With China being the manufacturing powerhouse of the world, as well as a country projected to soon challenge America’s global economic dominance, the event assumes added importance. The Chamber is attempting to reduce India’s trade deficit with China, by highlighting areas of export promotion and logically explaining how it could result in win-win situations for all concerned parties. Given the centuries old historical and traditional commonalities that bind us, we are keen that it translates into the commercial sphere also, and hence that maximum foreign investments in India come from China.

We are aware that many Chinese industries – particularly those that are labour intensive, like textiles – are moving offshore, given that China’s labour costs are rising relentlessly. This presents an excellent opportunity for India to capitalize on, especially since over a hundred Chinese textile manufacturers have already evinced interest in shifting their operations to India. We are more than happy to welcome them. There is also massive scope for improving urban infrastructure – in which China is a proven global leader. A key objective of this India Calling is to procure Chinese expertise for building a metro rail system in Mumbai under the Build-Own-Operate-Transfer (BOOT) arrangement.

Set up in 1907, in the wake of ‘Swadeshi Movement’ to represent of Indian businesses. IMC is a premier Chamber of trade, commerce and industry in India.
Headquartered in Mumbai, the Chamber has more than 3000 members, comprising a cross section of the business community. It plays advocacy role on wide range of matters affecting growth and development of businesses, on policy and implementation matters. It represents interests of variety of sectors like banking and financial services, environment, energy, water resources, geographic indications and protection of interests of artisans, tourism, information technology, education, construction, etc. IMC organizes interactive meetings with ministers, senior bureaucrats and others to express and drive home its views.
Ladies Wing of IMC gives special focus to entrepreneurial development for women and IMC’s Young Leaders Forum provides interactive platform to young entrepreneurs and professionals.
IMC hosts foreign delegations visiting Mumbai and provides platform for interaction to expand business ties and address issues affecting growth of business between visiting country’s environment and India for doing business.
IMC’s vibrant Economic Research and Training Foundation carries out research in variety of areas and supports various initiatives of expert committees.
IMC’s Court of Arbitration & Mediation facilities resolution of disputes at early stages and also conducts training for arbitrators and mediators to fill the skill gaps in this area.
Rare books are the precious possession of IMC’s library which is very conveniently located in the heart of Mumbai.
With its commitment to overall growth and development of all sections of society, IMC has selected inclusive innovation as its theme for the year 2011-12.