"Chinese enterprises should initiate a new business model for Indian market which more on investment rather than trading. Sino-India co- operation in areas such as pharmaceuticals, IT services, infrastructureand agro-products should be considered," Consul General of India in Guangzhou, Mr. Nagaraj Naidu, identified in his keynote speech on the "India Calling Conference" in Guangzhou.

On April 10, the Indian Merchants' Chamber (IMC) and China Council for Promotion of International Trade (CCPIT) jointly with the support of the Consulate General of India, Guangzhou organized the "India Calling Conference". Mr. Niranjan Hiranandani, President of IMC led a 50 member Indian business delegation which included a number of corporate CEOs from various sectors of industry and trade, as well as top educationists from leading universities.The IMC and CCPIT later signed a joint cooperation MoU to further relations between the business sectors of India and China.

The India Calling Conference aims to take advantage of the momentum in China, to better understand the emerging business milieu, to explore areas where opportunities exist for Indian businesses and to facilitate delegates from both sides to forge business partnerships through conferences, pre-arranged business meetings, industry visits and networking events with industry and government leaders.

As the conference IMC president, Mr. Niranjan Hiranandani welcomed Chinese investments in India and mentioned that the USD 3 billion Metro Project in Mumbai could be a good starting point for Chinese investments in large-scale projects in India.

Mr. Chen Qiuyan, Chairman of the CCPIT Guangdong Council mentioned that the CCPIT is actively participating in the annual Products Fair in Mumbai and announced that with the inspiration of the "India Calling Conference" in Guangzhou, CCPIT Guangdong will lead a 100 member Chinese business delegation to Mumbai to organize "China Calling Conference" some time later in this year and make it an annual affair.

Indian has sprung up to be third largest group in the ongoing 113th Canton Fair. This year there are about 75 booths from Indian companies in the fair, according to the Canton Fair.