India, Chinese Companies Ink $2.5 billion Agreements

Since the time Narendra Modi has taken over as the Prime Minister of the country, there is no doubt that India has started walking on growth trajectory. Now, Indian and Chinese companies have signed agreements envisaging an investment of $2.5 billion during the visit of a Chinese delegation to the country.

According to Xia Baolong, chairman of the Standing Committee of Zhejiang Provincial People's Congress, "The visit of the Chinese delegation was very successful and agreements (MOUs) estimated at $2.5 billion were concluded between Chinese and Indian companies."

On Wednesday, the high-level Chinese delegation met Finance Minister Arun Jaitley to convey the interest of Chinese companies in the fields of economy, culture and tourism, among others.

Jaitley, while welcoming the delegation, stressed upon the Government's promise to work towards expanding and deepening engagements and relations between India and China based on common interests. The minister also highlighted the strategic significance of the two large countries with growing economies.
(Image: Press Information Bureau)