Chinese companies in India’s financial hub of Mumbai are gradually coming together to form what will be an Association of Chinese Companies. Similar to New Delhi’s Chindia Chamber of Commerce and Industry, which represents over 110 Chinese firms in India, the association will lobby for common rights within India, will cooperate with Indian associations and will share best practices honed from across sectors, over years. Reflecting the Indian Association in Shanghai, a group of like minded individuals and companies who gather for business and social events, in China’s financial capital, the Chinese associations are only open to membership by Chinese companies.
In developing economies where freight is fraught and torrid trade disputes stretch on tirelessly, it becomes important for companies from one nation to club together to understand their host nation better and gain a sense of brotherhood in an alien land. While our bilateral trade might be Inchin towards the US$100 billion mark sooner than expected, there is yet so much we need to understand about each other. Our governments might shake hands in the capital and yet point the barrel of a gun on our borders. Our markets are keen to explode into each other, take advantage of our synergies and make the most of our billion plus populations, yet creating a body of commonness is key.