Trade and cooperation were in focus on the first day of Chinese President Xi Jinping’s visit on Wednesday as provincial officials of the two nations inked agreements in the areas of governance and industry.
One MoU was signed between China Development Bank and iNDEXTb (Industrial Extension Bureau) – a State government body for facilitating investments — to encourage Chinese investment in Gujarat, especially in the manufacturing sector. As per the understanding China will set up industrial parks in several areas in Gujarat beginning from Vadodara. The Gujarat government will facilitate land acquisition and provide requisite clearances for these parks so that Chinese manufacturers, chiefly in electrical, electronics, plastics and plastic processing are able to set up their units in Gujarat. The MoU will be in force for three years.
The event also saw the signing of a State-to-State agreement between the governments of Gujarat and Guangdong Province in south China for cooperation in trade, education, culture, urban planning and infrastructure . Another agreement was signed to establish sister city relations between Guangzhou, capital of Guangdong and the Ahmedabad Municipal Corporation. Both the agreements will be in force for five years.
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