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PRIME Minister Manmohan Singh has selected Anil Dhirubhai Ambani Group (ADAG)chairman,AnilAmbani,toheadtheambitiousIndia-ChinaCEOsForum.The Forumaimstoachieve$100 billion( `4,60,000crore)worth oftwo-waytradeby2015,accordingtoastatementissued by ADAG.
The CEOs Forum was announced during the visit of Chinese prime minister Wen Jiabao here in December.It would also comprise who’s whoof the Indian industry as its members. Some of the prominent name sare Anand Mahindra, Tulsi Tanti, N Chandrasekaran, Yusuf Hamied,PrashantRuia ,RSeshasayee ,BabaKalyani and GautamAdani.
The objectiveis mainly to ironout several trade and investment irritants and enhance the mutual economic relationship. Last year, during the high-profile meeting between India and China, both sides agreed to take measures to promote greater Indian exports to China with a view to reduce the traded eficit.
India has a traded eficit of around$20billionasaresultof which it has asked for greater access to Chinese markets for Indian good sand investments in areas such as infrastructure, telecommunications, software and pharmaceuticals. In November, Reliance Power and the leading Chinese power equipment manufacturer, Shanghai Electric Corporation, enteredintoan$8.29-billion dealforthesupplyof36coalfuelledpowerplantstobeset up in India