Confederation of Indian Industry (CII) had organized a meet with Yu Ping, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) to discuss trade proposals been the two counties on May 12, 2006 at New Delhi. India and China will set a target of $100 billion in trade by the year 2015. K. Munjal, managing director of Hero Corporate Services Ltd. and a former president of the CII, pointed out some of the manufacturing sectors that had good potential for co operation like organic chemicals, plastics, pharmaceutical products, paper and paper products, pearls, precious and semi-precious stones, electrical machinery, optical and medical equipment and precision engineering products.%%Yu expressed his pleasure at the target of $20 billion for 2008 being achieved by the end of this year, two years ahead of the original target.Yu stated that India and China had developed into powerful economic forces but in order to take bilateral trade up to a new level, some concrete steps would have to be taken. He called for the lifting of trade barriers and coordination between government and industry to accelerate trade.%%India was excited by the potential to increase economic links with China and optimistic about achieving the $100-billion target by 2015. Munjal also mentioned that India could learn a lot from the Chinese in building global infrastructure.