Shillong: The Indian Institute of Management (IIM), Shillong, will host a first-of-its-kind industry-academia conclave called Understanding the Context in India-China Business on Thursday and Friday.

The conclave will be held in association with Institute of Chinese Studies, New Delhi, to develop an understanding about the various aspects of doing business with Chinese organizations in India, as well as in China.

The institute’s postgraduate programme for executives in managing business in India and China is a 14-month one which grooms executives in managing trans-national businesses. The opportunity of learning from China as part of the India-China conclave is aimed at collating the various experiences and achievements of both the industry and the academia, an IIM release said.

China has proved its efficiency in how a nation can continuously walk on a growth path on its own will. The present Indian government is also taking several steps towards making India a self-sufficient and growing nation. One of the important initiatives in this direction is the ‘Make in India’ initiative launched by Prime Minister Narendra Modi in September, 2014, an IIM statement added.

The conclave aims at providing a platform to industry specialists, academicians and students. Several distinguished industry and academia personalities will speak on topics like ‘how to bridge the political and cultural gap between India and China and ‘labour, migration and challenges to Chinese development’.

The government is trying to learn from China on how a country becomes self-sufficient in terms of manufacturing all the goods and products within its boundaries and minimize the imports. The Prime Minister has already appreciated Chinese model of growth and visited China in the first year of his tenure. Earlier, the Chinese President Xi Jinping also visited India and both the countries focused on increasing co-operation in trade, space exploration, setting up industrial parks and civil nuclear energy, the IIM paper said.

The conclave will conclude with a cultural evening dedicated to northeastern tradition.