Just hours after Prime Minister Narendra Modi's launch of 'Make in India' Chinese government introduced 'Made in China' campaign with a host of tax concessions. The focus is on high-tech imports, research and development (R&D) and Chinese will use tax breaks to encourage enterprises to upgrade their technology for better and improved results in manufacturing sector.

China's manufacturing sector, a key driver of its economic growth, is regarded highly competitive in the global market and Modi who promised jobs in his tenure ambitiously launched the 'Make in India' campaign. This program was aired in India embassies in China with investors taking part in it.

(AW: Vamshi)