India needs to make investment climate more friendly: China

NEW DELHI: China said on Thursdsay that India needs to make its investment climate more friendly as the complexity of the system, especially in the land acquisition process, is hindering Chinese companies' plans to come to the country.

"The acquisition of land is complicated and sometime may have problems in the process... So, this to certain extent hinders some investors from coming to India," Chinese Ambassador to India Zhang Yan said on the sidelines of a PHDCCI meet here.

He said if India could improve its land acquisition system, it could attract investment from China.

"If this (land acquisition system) could be improved I am sure it will help a lot to India to attract investment from China," he said.

Zhang further said India and China are working towards relaxing visa norms. He said at times it takes more than one year to get a working visa. "...although it is a technical issue, it affects those people who want to come to India," Zhang said, adding, "We are working on it (to relax visa norms)...we want to speed up the process".

Several Chinese companies into electronics, IT and hardware manufacturing including, Huawei Technologies, TCL and Haier, are based in India. Besides, many large Chinese government-owned firms in the field of machinery and infrastructure have won projects in India.