NEW DELHI: Chinese companies are keen to participate in the ' Make in India ' campaign and establish manufacturing facilities here, China 's Ambassador Le Yucheng has said."Certainly, (Chinese companies are interested in setting up manufacturing facilities in India). We are closely following the project of 'Make in India' initiated by Prime Minister Narendra Modi "Chinese companies are expressing keen interest in participating in this project, Yucheng told PTI."China is known as the world's factory and India is known as the world's office. So if the factory and office combine and make joint efforts it will make a huge difference."I'm sure that the companies of both countries will have very good opportunities to join hands and to promote cooperation, especially promote manufacturing in India. I am very optimistic about this prospect," he added.The Ambassador further said that Chinese investments here will help address India's concern of mounting trade deficit."Sure (it will help bridge trade deficit). With Chinese investment coming to India, it will produce many products. So, you won't need to import products from China. So, it will certainly help address the trade imbalance," Yucheng said.Prime Minister Narendra Modi is slated to visit China in May this year.India's trade deficit with China rose to a whopping $37.8 billion last year even as bilateral trade picked up, totalling $70.59 billion, a year-on-year increase of 7.9 per cent.According to annual figures released by China's General Administration of Customs ( GAC ), the total trade volume went up to $70.59 billion from last year's $65.57, an increase of $5.02 billion amid increasing Chinese exports to India.Besides, an MoU was signed here between the State Owned Assets Supervision and Administration Commission of Tianjin and industry body CII.