fbpx 49195-001: Promoting Economic Cooperation between People's Republic of China and India | Asian Development Bank

Regional: Promoting Economic Cooperation between People's Republic of China and India

Sovereign (Public) Project | 49195-001 Status: Closed

ADB and the Government of India are working together to increase economic growth and foreign direct investment between India and the People's Republic of China. The Promoting Economic Cooperation between People's Republic of China and India technical assistance program is collecting data in Gujarat and Rajasthan in order to promote investment from the People's Republic of China. The program is also organizing workshops and investment study tours, as well as setting up a website for potential investors.

The program has organized workshops, investment study tours, and launched a bilingual website to provide information about investment opportunities between the two countries.

Project Details

Project Officer
Liping Zheng South Asia Department Request for information
Country
  • Regional
Modality
  • Technical Assistance
Sector
  • Multisector
 
Project Name Promoting Economic Cooperation between People's Republic of China and India
Project Number 49195-001
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8917-REG: Promoting Economic Cooperation between People's Republic of China and India
Technical Assistance Special Fund US$ 225,000.00
TA 8917-REG: Promoting Economic Cooperation between People's Republic of China and India (Supplementary)
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Industry and trade / Industry and trade sector development - Small and medium enterprise development

Gender Equity and Mainstreaming No gender elements
Description

ADB and the Government of India are working together to increase economic growth and foreign direct investment between India and the People's Republic of China. The Promoting Economic Cooperation between People's Republic of China and India technical assistance program is collecting data in Gujarat and Rajasthan in order to promote investment from the People's Republic of China. The program is also organizing workshops and investment study tours, as well as setting up a website for potential investors.

The program has organized workshops, investment study tours, and launched a bilingual website to provide information about investment opportunities between the two countries.

Project Rationale and Linkage to Country/Regional Strategy

The Government of India is actively promoting the development of industrial corridors, including the Delhi-Mumbai Industry Corridor (DMIC) and the East Coastal Economic Corridor (ECEC), with initial focus on Visakhapatnam-Chennai Industrial Corridor (VCIC). Officials in Gujarat are promoting the state as a foreign direct investment destination, and the neighboring state hosted an investment promotion event called Resurgent Rajasthan. Japan and South Korea have manufacturing zones in both Gujarat and Rajasthan and the state governments see the People's Republic of China PRC as another source of foreign direct investment.

A proposed collaboration between SARD and Asia-Pacific Finance Development Institute (AFDI) has been proposed to conduct training program on special economic zone (SEZ) development and PPP in India and PRC, and other SARD DMCs.

Impact Increased and inclusive economic growth with more FDI flow between PRC and India
Project Outcome
Description of Outcome Selected states as preferred FDI destination for PRC SMEs promoted
Progress Toward Outcome Greater familiarity between China and India in terms of investor interest and business / investment environment. Different investors are being made aware of potential business investment opportunities in India, particularly in Rajasthan. Potential manufacturing plants in China, i.e., LED light, are looking into investing in India.
Implementation Progress
Description of Project Outputs

Exposure and opportunities for SMEs enhanced

Knowledge sharing between relevant stakeholders enhanced

Status of Implementation Progress (Outputs, Activities, and Issues)

Knowledge sharing workshop held in Foshan municipality, PRC in September 2015; Investment study tour consisting of potential investors from Guangdong province, PRC visited Rajasthan, Bilingual (English and Chinese) FDI information website specially designed for Chinese firms lunch on 3 March 2016; FDI consultation in Shenzhen, China on July 2016.

Knowledge sharing workshop to be held in Gujarat, and Foreign Direct Investment (FDI) promotion workshop in Madhya Pradesh by 3rd or 4th quarter of 2017.

A co-learning Workshop on Special Economic Zones and Economic Corridor Development was held in Shanghai, China on 25 to 29 June 2018 jointly organized with Asia-Pacific Finance and Development Institute (AFDI). The Workshop offered an opportunity for participants from the South Asia Developing Member Countries and ADB staff to deepen their understanding of development of Special Economic Zones (SEZs), as well as the related development of economic corridors and logistics sector, share experiences, identify solutions, and implement appropriate policies suitable for their respective countries. The participants were given an opportunity to learn from the People's Republic of China's (PRC) experience in SEZ development, its overall strategy and responses to SEZ development challenges.

Geographical Location Regional
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Governments and other stakeholders were consulted in finalizing the possible target SMEs in PRC, and in identifying the specific activities neede to enhance trade.
During Project Implementation Continuous consultation will be done with SMEs, trade groups, and relevant government offices in implementing TA activities, and for possible scaling up to increase the impact of the TA.
Business Opportunities
Consulting Services Five consultants have been engaged in line with their specific expertise and the diversity of tasks to be undertaken, under the management of SARD staff - three national consultants from India, particularly from the Governments of Gujarat and Rajasthan, one regional coordination specialist, two coordinators and one national IT consultant for the FDI web portal. Individual consultant recruitment has been conducted in accordance with ADB Guidelines on the Use of Consultants (2013, as amended from time to time)
Procurement Workshops have been held in China and India to facilitate FDI flow and consultation between the two countries. All procurement of goods and other services under the TA were procured in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time).
Responsible ADB Officer Liping Zheng
Responsible ADB Department South Asia Department
Responsible ADB Division Office of the Director General, SARD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 26 Jun 2015
Last Review Mission -
Last PDS Update 24 Sep 2018

TA 8917-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Jun 2015 - 26 Jun 2015 30 Nov 2016 30 Sep 2018 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
725,000.00 0.00 0.00 0.00 0.00 0.00 725,000.00 26 Jun 2015 505,890.49

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

None currently available.

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.