During a meeting with Shanghai Mayor Yang Xiong, Indian Ambassador to China Ashok K Kantha highlighted the potential for expanding and diversifying trade and economic cooperation between the two neighbours, said the media report.
Kantha also noted the significant role Shanghai plays in expanding the economic ties, a statement issued by the Indian Consulate in the eastern metropolis Shanghai said.
China-India bilateral trade dipped to USD 66.5 billion last year and India has been asking China to boost investments to bridge the trade deficit.
Shanghai-based companies have undertaken a number of projects in India and other enterprises should build on this foundation by stepping up their investments, Kantha said.
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