Mr. LiangWengen was invited to attend Indian Prime Minister Mr. Modi’s private meeting in China

 On May 14th, Indian Prime Minister Narendra Modi began a three-day’s official visit to China. This is the first time he came to China since he took office last May, and also another important high-level interaction between the two counties after China’s President Mr. Xi Jinping’s visit to India last September.

On the third day of his China visit, Mr. Narendra Modi met 25 Chinese CEOs including Mr. Liang Wengen, the Chairman of Sany, Mr. Ma Yun, the Chairman of Alibaba, Mr. Wang Jianlin, and the Chairman of Wand in Shanghai and then attended the India-China Business Forum “Build more closely development partnership”.

9:30am on May 16th, Mr. Modi met 25 Chinese CEOs first and addressed the meeting. He said, both China and India should cooperate for the mutual interests, progress and prosperous.

Mr. Modi also introduced the development patterns of “Made in India” and “5F” formula – Farm, Fibre, Fabric, Fashion and Foreign. The Chairman of Sany, Liang Wengen said, “We are full of hope about India, which offers dynamic work force and huge market. Sany will invest more in India, and contribute for India’s infrastructure construction and the generations of friendship between the two great people.”

The India-China Business Forum “Build more closely development partnership” attracted 150 Chines enterprises and 50 Indian enterprises. 21 agreements were signed in this forum cover a range of industries including renewable energy, steel, manufacturing, auto, the financial sector and ports.

“Let us work together in mutual interests," said Mr. Modi. “Now, India is ready for business."

Modi mentioned that India will set up infrastructure construction fund in the future, and focus on developing railway, highway, and so on. Currently, there is no high speed railway in India, so heavy equipment industry has a great developing prospect in India. 

Sany is the world’s leading heavy equipment manufacturer, having branches in more than 100 countries around the world, yearly sales revenue is more than 12 billion USD. 10 years ago, Sany invested 60 million USD to establish its first overseas R&D and manufacture center in Pune, India. This is the biggest investment in India among China enterprises at that time.

Sany India has almost 200 local staff,  Sany’s equipment participated a lot of key construction projects in India, like Mumbai international airport expansion, Delhi metro project, Sany has become a corporate citizenship of India. Sany can provide full range heavy equipment and solutions to all construction projects: ports, highway, airport, housing…, Sany also owns the complete set of equipment for mining, wind power generation, manufacture line of precision machine tool, and advanced skilled workers. Industry insider thinks, a new round development opportunities in India is coming to Sany.