Posted: December 15, 2007

First India-China-Russia Conference calls for economic, political synergy

(Nanowerk News) The first India-China-Russia Trilateral Conference on strengthening economic cooperation held in the capital today saw business leaders from the three countries and senior government officials engage in a unique effort to synergize their strengths in manufacturing, science and technology and services in a range of sectors.
The Trilateral Conference was organized by FICCI and CII in partnership the Ministry of External Affairs, government of India.
Addressing the delegates, Nalin Surie, Secretary (West), Ministry of External Affairs, pointed out that the Trilateral India-China-Russia Conference was aimed at giving an economic, trade and business content to the ongoing process of strengthening the political relations amongst the three economic powerhouses of the region.
Surie said, the groundwork had been laid for giving a fillip to economic cooperation between the three countries, and it was now imperative on the part of entrepreneurs and businessmen of India, China and Russia to drive the Track II initiative and bring it to fruition.
The conference discussed ways to improve cooperation amongst the three countries with sectoral focus on energy, infrastructure, biotechnology, chemicals & pharmaceuticals and nanotechnology. It was agreed that the conference should be a bi-annual event and the next meeting would be held in China in 2009.
VI Trubnikov, the Russian Ambassador to India, pointed out that the three-party process had already become important on the international agenda and a political factor to reckon with global developments.
He said: “ We are united in our approaches to such core issues as strengthening the UN role, recognizing the realities of multi-polarity, democratizing international relations and resolving all major crises in the world by collective measures. Through these fundamental principles, we are sending a strong signal that there is no alternative to multilateral cooperation in the contemporary world, which is essential to respond effectively to the existing global threats and challenges.”
Bu Jian Guo, charge d’ affaires, at Chinese embassy, extended China’s commitment to placing the trilateral economic and business cooperation on a sustainable, high growth trajectory. She said, the Chinese, Indian and Russian economies were growing at a fast clip, faster than growth rates seen in other parts of the world, and called for sustained efforts to substantially raise the trilateral trade volume from the current level of US$ 39 billion.
GG Petrov, vice president, Chambers of Commerce & Industry of The Russian Federation (RFCCI), underlined the need create a platform for the exchange of information amongst the businesses for any meaningful trilateral cooperation.
Yu Ping, vice chairman, China Council for The Promotion of International Trade (CCPIT), called for strengthening communication links by way of market and commodity information; building on the economic complementarities in areas such as finance, transport, tourism and consultancy, and two-way investment and joint venture cooperation.
KK Modi, past-president, FICCI & chairman, Modi Enterprises, outlined the areas for partnership among the three countries in energy, aviation, biotechnology and Information Technology as also in pharmaceuticals, infrastructure, financial services and health and education.
Deep Kapuria, chairman (Northern Region), CII & chairman, Hi-Tech Gears Ltd pointed out that India, China and Russia constituted 40% of the world’s population and therefore was one of the largest markets in the world.
Source: Forbes
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