The visit that is being watched keenly all across the world on the back drop of the contemporary political and economic developments, is believed to have the objective of upgrading bi-lateral trade and importantly boosting Chinese investment in India. As reports doing the round Chinese investment of some 100 billion USD in India may come up from this event. this would be to reply Japan’s offer during Modi’s visit there to invest 35 billion USD in India.
To mark a deviation from the in vogue tradition Prime Minister Narendra Modi received the first couple of China outside of Capital Delhi at Ahemadabad. It was a red carpet welcome and the visible warmth in the communications, as reported in the media, between the two heads is being seen as a showcase of their pledge to move ahead for development and progress. There was conspicuous shadow, at least on the first, of the reported faceoff between the troops of India and China inside Indian Territory at ladakh. The border disputes may come up later during the course of dialogue.
But in the first hour of the visit, India and China clinched three deals. The first one was to establish “Sister Province” relations between Guangdong, China and Gujarat, India. The Memorandum of Understanding (MOU) covers cooperation in economy and trade, environmental protection, public policy education, health, science and technology, tourism and culture.
There was also an inter city MoU signed between Guangzhou, China and Ahmadabad, Gujarat to ensure closer cooperation between the two local authorities that would facilitate engagement in the diverse field of trade, environment, tourism and others.
The third MoU signed was between Industrial Extension Bureau (iNDEXTb), the nodal agency of Government of Gujarat for investment promotion, and China Development Bank. iNDEXTb will assist Chinese investors in obtaining required clearances and creating infrastructure facilities in the industrial parks.
Leave a Reply