India and China realized the importance of surmounting barriers created by the quirks of
history; a sudden realization took place that the people of two nations would stand to gain
if we opened up our economies and established mutually beneficial trade and business
relations. The leaders of both the countries resurrected the ancient trade relations when
the traders from both the countries criss-crossed the mighty Himalayas, large rivers and
dense forests and people could use each others products and wares. Since the governmental
regulations, political climate and international situation coupled with the complexity of
modern business practices necessitate astute handling of trade activities, Late Mr. Murli
Deora a visionary leader and economist par excellence, in a rare display of foresight &
clairvoyance, mooted to his core group the idea to establish an organization which would act
as a guide to those desirous of doing business with China.Thus on 20th March 1990, India
China Chamber of Commerce & Industry was born & on the request of Govt of India, Mr. Qian
Qichen the then foreign Minister of China was specially flown to India to formally
inaugurate the Chamber. Since then this journey has seen a remarkable progress. From the
humble beginning of just about $2 billion in 2001, the trade volume has surged to more than
$73 billion dollar in 2011 & this year in 2015 it is expected to touch the high of $100
billion.
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