Chinese Premier Zhu Ronji's visit to New Delhi in 2002 has resulted in Sino-Indian trade flourishing to touch 7.6 billion dollars in 2003, he said.

Elangovan told a 100-member Chinese business delegation attending an India-China business conference here that India and China were on track to break the 10 billion dollar annual trade target set by their respective governments.

"India-China trade is moving swiftly towards the historic 10 billion dollar mark," the minister told the conference.

"There is a growing symmetry between our countries and it is reflected in the fact that China has now become Indias number one trading partner in the northeast Asian region, overtaking Japan."

Shao Qiwei, chief of the Chinese business delegation, told the conference both countries must break down geographical barriers in order to boost trade.