"India-China economic and trade cooperation is diversifying as more Indian companies enter China's manufacturing, service and finance sectors," said the President of Confederation of Indian Industry R Seshasayee on Friday at the ongoing Made In India forum in Beijing.

Seshasayee also said India would further develop its software industry and increase exports to overseas markets, including China.

Chairman of China Council for the Promotion of International Trade (CCPIT) Wan Jifei said the Made in India show, which has been held every year since 2003, has achieved "remarkable" results.

This year's show is being attended by more than 50 Indian industrial and commercial enterprises, that are exhibiting products and services from nearly 20 sectors, such as agriculture, health, and engineering.

The show's technology pavilion will help diversify the trade between the two countries and further deepen economic and trade ties, said Wan.

Kapil Sibal,Indian Minister for Science and Tech and Earth Sciences, said India will strengthen cooperation with China in scientific research and development to realize a faster growth in bilateral economic development.

India and China, the world's two most populous countries, have witnessed rapid economic growth. The bilateral trade grew from 265 million U.S. dollars in 1991 to 18.7 billion dollars in 2005.

In the first six months of this year, the trade volume of the two countries reached 1.15 billion dollars. The figure is expected to exceed 20 billion dollars this year.

The show was jointly organized by the Confederation of Indian Industry and the Indian Embassy to China.

Source: Xinhua