Beijing: Prime Minister Narendra Modi, who is visiting China next week, should find ways to enhance bilateral trade relations and woo Chinese investors who complain of bureaucratic red-tape and intensive security reviews, state media said on Thursday.
"Modi needs to sort out a way to boost Chinese investment," an article in the website of the state-run Global Times said, citing reports of review of rules for Chinese investment by Indian Home Ministry and plans to relax visa rules.
"If all these measures can materialise as real policies, which could be announced in Modi's upcoming visit next week, they will definitely serve as good signs for future bilateral trade relations and pave the way for Chinese investment," it said.
The bureaucratic red-tape and intensive security reviews from Indian side are the most quoted reasons for the many failed attempts of Chinese industries in Indian market.
The report said Private sector Chinese firms like Xiaomi are showing the way to break India's fortified markets and the government's plans to liberalise visa procedures and investment rules could pave the way for high investments.
"Xiaomi is gaining pace in India after unveiling the Xiaomi Mi 4i in late April," an article in the website of the state-run Global Times said.
Unlike high-end smartphones such as Apple's iPhone series that treat India as a backward market for outdated models and delay the launches of new products, Xioami has brought its star profiles to India and is setting up a R&D base in Bangalore to customise its system to Indian conditions.
It is also discussing a manufacturing facility in the country, it said.
"This is a victory of dedication and innovation, as well as showing respect to the market and its customers," it said.
India is insisting China to step up investments to compensate for an estimated USD 45 billion trade deficit.
The bilateral trade last year amounted to about USD 76 billion.
