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India has stepped up its engagement with Chinese companies as diplomatic and economic ties continue to improve. Indian Ambassador to China Vikram Doraiswami recently met senior executives from leading Chinese businesses and reaffirmed the Indian Embassy's support for companies looking to invest and expand in India. The outreach follows recent easing of restrictions on Chinese investments and comes as China became India's largest trading partner in FY2025-26. The discussions also covered pharmaceutical exports, bilateral trade, market access and measures to strengthen commercial cooperation between the two countries.
India has intensified its outreach to Chinese businesses as efforts continue to strengthen economic and commercial ties between the two countries. During a luncheon interaction held in the past week with senior representatives of select Chinese companies and long-time friends of India, Indian Ambassador to China Vikram Doraiswami conveyed that the Indian Embassy is ready to support greater business engagement and facilitate investments in India.
According to the Indian Embassy, the ambassador exchanged views with company chairpersons and senior executives on expanding commercial cooperation. He also conveyed that the Embassy is prepared to assist businesses looking to strengthen their economic engagement with India by providing necessary facilitation and support.
The outreach comes at a time when China has overtaken the United States to become India's largest trading partner during FY2025-26. According to data released by the Commerce Ministry, bilateral trade between the two countries reached USD 151.1 billion during the financial year, underlining the continued importance of economic ties despite geopolitical challenges.
The meeting also followed Doraiswami's recent remarks that Chinese investments in India would benefit the broader bilateral relationship. He noted that as relations between the two countries continue to move towards normalisation, the Government of India has taken steps to restore opportunities for Chinese companies to invest in the Indian market, referring to the recent easing of certain investment restrictions.
Addressing a panel discussion at the World Peace Forum organised by Tsinghua University in Beijing, the ambassador said the Indian Embassy was willing to help Chinese companies establish investments in India. He also stated that the Embassy was ready to understand investors' concerns and provide greater hand-holding support to facilitate their entry into the Indian market.
Alongside investment opportunities, Doraiswami also advocated for greater access for Indian pharmaceutical products in China. He said there were mutual benefits for both countries in expanding pharmaceutical trade and that stronger cooperation in this sector would also strengthen the overall bilateral relationship.
The ambassador recently held discussions with Wang Liping, Director General of the Department of Asian Affairs in China's Ministry of Commerce, to explore initiatives aimed at increasing bilateral trade. During the meeting, he expressed hope that Chinese authorities would provide better market access to Indian manufacturers of high-quality generic medicines, many of which already supply regulated markets including the United States and several other countries.
Trade and commerce continue to remain one of the key pillars of India-China relations. While economic engagement has continued to grow, India has consistently sought wider access for its information technology services, pharmaceutical products and agricultural goods in the Chinese market. However, progress on these long-standing demands has remained limited.
Commerce Ministry data showed that India's exports to China increased by 36.66 per cent to USD 19.47 billion in FY2025-26. Imports from China also rose by 16 per cent to USD 131.63 billion during the same period. As a result, India's trade deficit with China widened to a record USD 112.16 billion, compared with USD 99.2 billion in FY2024-25, highlighting the continued imbalance in bilateral trade despite the growth in exports.
Source PTI
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