A growing number of Chinese companies are looking to their neighbor India as a destination for their investment capital.

Since May, when Indian Prime Minister Narendra Modi spoke before the China-India Business Forum in Shanghai and welcomed Chinese foreign investment into his country, several Chinese entrepreneurs have visited India to scout out possible investments. Among those traveling to country were Alibaba founder Jack Ma, and Wanda Group Chairman Wang Jianlin.

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According to Chinese state media, business visas for Chinese enterprises visiting India have increased by more than 30 percent during the first nine months of 2015.

"We do believe that foreign direct investment is important and it will not come in the country without a globally competitive business environment," said Modi in May. "Therefore, we have rationalized a number of issues which were bothering the investors. Now India is ready for business. You must be sensing the winds of change in India."

Xiao Taiyuan, an entrepreneur who invested in India's smartphone indsutry, said that the booming Indian market s drawing in more Chinese investment.

"In India, the entire market is boosting rapidly in spite of the fierce competition. The market might become stable by the year of 2017," Xiao told Chinese state radio. This has brought many opportunities to Chinese companies."

The Haier Group, a Chinese electrical appliance manufacturer, has gone so far as customize its refrigerators for to suit demands that are particular to customers in India.

"Since many Indian people are vegetarians, they grab food much more frequently from refrigerating compartment, storing fruit and vegetables, than they do from freezer compartments, which store meat," said Jin Fuxing of the Haier Group.

So Haier developed a new vegetarian friendly refrigerator that exchanges the traditional placement of the refrigerator compartment and the freezer compartment. contrary to their traditional products. As a result, customers don't have to bend down as much.

TagsChinese Entrepreneurs Sense ‘Winds of Change’ in India, Indian Prime Minister Narendra Modi, Wanda Group Chairman Wang Jianlin, Jack Ma