Ingushetia looks for Chinese investors

   Ingush President Yunus Bek-Yevkurov      © RIA Novosti. Said Tsarnaev

Ingush President Yunus Bek-Yevkurov invited Chinese investors to set up a car manufacturing plant in the North Caucasus republic while presenting Ingushetia’s investment projects at Russia’s pavilion at the Shanghai Expo 2010.

“Chinese business should go beyond market trading since we are interested in it taking up the development of the fuel-energy, agro-industrial complex, as well as house building and automobile manufacturing. We are also interested in creating jobs for women, especially in clothing manufacture,” he said.

Ingushetia presented a variety of projects at the Expo-2010. Yevkurov plans to establish ties with Chinese partners that will allow for cheaper imports into the region and create new jobs.

“Come and we will provide you with total security,” Yevkurov said, commenting on Chinese journalists’ questions about the security aspects of running business in the volatile republic.

The 2010 World Expo is being held in Shanghai until October 31. Up to 70 million people are expected to visit the city for the event, which has seen investment of up to $4 billion. Over 200 countries, corporations and international organizations are taking part.

Moscow constructed a pavilion at the exhibition for the first time in 30 years. The Russian pavilion is considered one of the most popular and innovative at the Expo.

SHANGHAI, October 25 (RIA Novosti)