"The Second China Wenzhou Export Commodity (Mumbai) Exposition" hosted by the government of Wenzhou was organized in 28th of September. The expo held in Mumbai from November 20 to November 22 every year is a branch of India Industrial Organization Fair and India Production Household Fair. The Chinese organizer of these two expositions is Meorient International Exhibition Group. Bino, its chief operating officer, came to Wenzhou yesterday and communicated with the enterprises in Wenzhou in order to explore the "secret" of opening up the gate of India market.
India now is a little like China of 20 years ago. During the rapid development, a part of the field is dependent upon imported equipments to some extent. Nowadays, most of the products imported from India are all from China. The amount of imports was $55.48 billion last year, and the market share was 11.9%.
Among them, the proportion of the products in automobiles, packaging machinery, stainless steel products
, electric power equipments, etc was relatively high. For instance, Chinese automobile products market share accounted for 29% in India, and the pharmaceutical machinery reached up to 62.2%.
Electrical products, stainless steel products and other products produced by enterprises in Wenzhou are very competitive in the local market. Leqing is a capital of China electrical equipments. The electrical products produced in Leqing have super quality and competitive price, which are in line with the current Indian market demand. At the same time, India is now building lot of buildings, thus, infrastructures such as the underground largely need stainless steel tubes. Stainless steel enterprises in Wenzhou which took part in an exhibition last year gained a lot of orders.