India has been emerging as a hot investment destination for Chinese companies in recent years, according to a report by Chinanews.com.
Over the past year, China's investment in India reached 1.063 billion yuan, or 154.8 million US dollars, six times that in 2015.
The latest investment was made by Tencent in India's mobile health sector with 55 million US dollars last month.
The construction of a Chinese industrial park for small and medium-sized companies with a total investment of 1.4 billion US dollars is due to begin this year. More than 100 companies have expressed a willingness to settle down and the park is expected to create five billion US dollars of output value per year once it comes into full operation.
Apart from traditional industries, emerging industries have also attracted the attention of Chinese companies. Smartphone brand Xiaomi now becomes the third most popular for Indian users only two years after entering the market.
According to the Indian Council for Research on International Economic Relations, the main attractions for Chinese companies are India's prosperous economic development and improving investment environment.
(Source: CRIEnglish.com)
A single purchase
