China and India, as two emerging economies, have made significant progress in economic and trade cooperation in recent years. In the fiscal year 2023-2024, China will become India's largest trading partner, with a total bilateral trade volume of $118.4 billion. India's imports from China will be $101.8 billion, exports will be $16.67 billion, and the trade deficit will expand to $85 billion. Despite the trade deficit, the economic and trade exchanges between the two sides remain strong, demonstrating enormous potential for cooperation.

As a country with a large population and enormous market potential, India's demand for industrial equipment is constantly increasing in areas such as infrastructure construction and manufacturing upgrading. Chinese industrial equipment has advantages in price, performance, and after-sales service, which can meet the needs of India's manufacturing industry.

Thanks to various factors such as technological progress, market demand, and policy support, China's equipment manufacturing exports have shown a positive development trend. Affected by the trade friction between China and the United States, domestic enterprises are encouraged to innovate and upgrade their technologies, actively explore international markets, and become important participants in the international market. The Chinese government has continuously increased its policy support for high-end manufacturing, encouraging enterprises to increase their R&D investment and enhance the overall international competitiveness of the industry through a series of measures such as tax reductions, subsidies, and technological innovation rewards. The Action Plan for Building a Strong Manufacturing Country clearly states the need to achieve breakthroughs in the field of high-end equipment and attaches great importance to the development of overseas markets.