Indian, Chinese firms sign 15 MoUs worth $590 million | China-India Economic and Trade Cooperation Conference

Ahmedabad: Mr Chen Yuehua, Guangdong’s Deputy Director General of Department of Commerce, has announced that Indian and Chinese firms have signed 15 Memorandum of Understanding (MoUs) worth US$ 590 million at the China-India (Gujarat) Economic and Trade Cooperation Conference.

The deals were made in various crucial sectors such as infrastructure, energy, agriculture, information technology, electronics, and pharmaceuticals. An MoU to develop the Ahmedabad Industrial Park has been signed by the Gunagdong-based Wangtat Construction and Investment Holding Group of China and the Apollo Group of Companies. Wangtat Group has also inked a deal with the Gujarat-based Payal Properties to develop an industrial park in Bharuch.

An investment cooperation agreement has been signed between the Silkroad Development Holdings Ltd of China and India-based Vasundhara Infra-Developers to develop the ambitious Silk Road project.

A three-party cooperation agreement to boost cross-border e-commerce has been signed between SFC Service Ltd, Global Private, and Gati. An MoU has been signed by Guangdong Silique International Group and Shah Silk and Fabrics for cotton yarn trade.

Few other MoUs were also signed between Indian and Chinese firms in the field of biotechnology, LED illuminators, furniture trade, engineering, ICT equipment, pharmaceuticals, and infrastructure projects

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