Opening the gates to investment in India

High-tech companies from China have joined their domestic peers in actively scouting for investment opportunities in overseas markets, with some looking to India as a possible destination.

India's strong growth credentials are undoubtedly the prime driver for most of the high-tech companies, said industry experts. The Asian nation is planning to grow its gross domestic product from $1.9 trillion currently to about $10.4 trillion by 2034. That would elevate its per capita GDP from $1,490 to $6,800 during the same period, said a recent report published by global consulting firm PricewaterhouseCoopers.

Indications that Chinese companies are considering India in a big way became evident in November when Jack Ma, the Aliababa chief, indicated that the e-commerce giant would invest more in India, as it believes that the Internet can transform the country's future.