5th NITI Aayog-DRC Dialogue held in Wuhan, C China

The 5th NITI Aayog-DRC Dialogue, between the Development Research Center of the State Council (DRC) and the National Institution for Transforming India (NITI-Aayog), was held on November 28, in Wuhan, capital of central China’s Hubei Province.

Launched in 2015, the NITI Aayog-DRC Dialogue took turns being organized in China and India. It aims to strengthen the consensus between the two countries in economic policies and to promote bilateral cooperation.

Jiang Chaoliang, secretary of CPC Hubei Provincial Committee said at the opening ceremony that Hubei has been implementing the consensus reached between President Xi and the Indian Prime Minister during their two informal meetings, and promoting exchanges with India in areas such as informatics, bio-medicine, ecological environment, culture and tourism. It is hoped that this dialogue will allow both sides to deepen cooperation so as to better contribute to the development of the Sino-Indian relationship.

Ma Jiantang, deputy director of the DRC, stressed the importance of the dialogue and pointed out that both sides need to strengthen exchanges in the establishment of a mechanism for high-level economic and trade dialogue, partnership in the manufacturing industry, pursuit of a balanced and sustainable growth of bilateral trade, promotion of a deeper and a more varied cultural exchange, etc.

Rajiv Kumar, vice chairman of NITI-Aayog, thanked China and Hubei for supporting this dialogue and said that Wuhan, as the venue for the first informal meeting of leaders from both countries, had shown great potential of development. He stressed that India will accelerate the infrastructure construction of high-speed railway and highway, expand opening up, improve investment policies and business environment to enhance pragmatic cooperation between the two sides.

Wang Xiaodong, governor of Hubei Province, said the province would work with India in such four areas as industry, innovation, ecology and culture.