Indian entrepreneurs are stepping up efforts to promote investment opportunities in their country with the aim of attracting Chinese capital, speakers said at the India China (Wuxi) Business and Investment Form, which was held Monday in Wuxi, East China's Jiangsu Province.

The Indian government has been promoting the "Make in India" campaign around the world over the past two years.

It has also eased many of the restrictions on foreign capital in a number of sectors including mining, defense and civil aviation in a bid to stimulate the economy, according to media reports.

"The Indian government is quite eager to attract more foreign capital to boost its manufacturing sector, which is a major channel for employment," said Li Qin, a Chinese legal counsel with India-based law firm D.H. Law Associates.

"About 65 percent of Indians are younger than 35, but there aren't enough jobs for them," Li told the Global Times on Monday.

India attracted $19.4 billion in foreign direct investment in the first half of 2015, an increase of 30 percent year-on-year, the Beijing-based Economic Information Daily reported in late December 2015. 

China's investment in India grew more than thirtyfold from 2006 to 2014, according to people.com.cn.

"It is quite obvious that more and more Chinese enterprises are entering India," Wan Qian, assistant to the general manager at State-controlled China Machinery Engineering Corp, told the Global Times on Monday.

But Wan warned that Chinese enterprises have to pay careful attention to legal risks in and around India.

"The legal systems in different parts of India are quite different," Wan said.

Li agreed, saying that "soft factors such as the law can never be ignored."

Li also noted that language and enterprise localization are challenges for Chinese enterprises that want to make profits in India.

Li is optimistic on the investment prospects in India due to its domestic demand-driven economic model.

"But Chinese investors should not expect that a return on investment will be quick," Li noted. "It usually takes several years."

As for the widely criticized inadequate infrastructure in India, Li said this might actually be a source of investment opportunities.