Fifteen MOUs amounting to $590 million were inked between Gujarat and the Guangdong province of China at the China (Guangdong)-India (Gujarat) Economic and Trade Cooperation Conference 2015 in Ahmedabad. The deals cover sectors like infrastructure, energy, agriculture, IT, electronics and pharmaceuticals.
(Guangdong Governor – Zhu Xiaodan)
(Gujarat CM – Anandiben Patel)
- Event was organised by the Government of Guangdong province of China.
PARTICIPANTS
- The 11 member Chinese delegation led by Zhu Xiadon focussed on deepening ties with India.
- The business conference had 300 participants including Indian firms and 50 Chinese firms.
KEY AGREEMENTS
- To develop the Ahmedabad Industrial Park signed by Gunagdong-based Wangtat Construction, Investment Holding Group of China and the Apollo Group of Companies.
- Wangtat Group has also joined hands 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 the 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.
- A MoU has been signed by Guangdong Silique International Group and Shah Silk and Fabrics for cotton yarn trade.
- Other MOUs were signed between Indian and Chinese firms in the field of biotechnology, LED illuminators, furniture trade, engineering, ICT equipment, pharma and infrastructure projects
- Direct flight between Guangzhou city and Ahmedabad (both cities have signed a sister-city agreement in September 2014)
ABOUT MSR
- The Maritime Silk Road, officially the 21st Century Maritime Silk Route Economic Belt is a Chinese strategic initiative to increase investments and foster collaboration across the historic Silk Road.
- India stands at the intersection of the Silk Road on land and sea, along which Gujarat is an inevitable stop, while Guangdong is the starting point
KEYS
- China Capital – Beijing
- China Currency – Renminbi
- China President – Xi Jinping
- China PM – Premier Li Keqiang
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