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Global financial crisis: Great opportunity for India and China to collaborate

"The opening of the third border pass between China and India could become a gateway for India-China tourism from Tibet to Sikkim and vice-versa," it noted. By 2011, when Nathu La is scheduled to be open for tourism, more than 300,000 Chinese are expected to travel through the mountain passes.

According to the report, Indian companies can offer services to Chinese animation and online gaming industry, whereas relaxed FDI norms can provide opportunity for Chinese firms to enter the Indian entertainment market.    

It also noted that "luxury goods industry of both China and India is estimated to grow by 20-30 per cent in the next 5 years. There is enough potential for Chinese luxury hotels to enter into India".    

Besides, the two countries can also explore through joint ventures in health and wellness sector especially in traditional healing and herbal treatments. Players like Apollo Hospitals, Fortis Healthcare, Wockhardt Hospitals have immense opportunity to begin their operations in China, it said.    

In the tourism sector, the Ficci-KPMG report said that India's emergence as a medical tourism destination for international travelers presents an attractive proposition for the health-conscious Chinese traveler.

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