India, China sign three key MoUs
30/06/2014 12:53
India and China on Monday signed three key MoUs, including one on industrial parks and flood data of Brahmaputra river, coinciding with the visit of Vice President Hamid Ansari, reported PTI. The agreements were signed in the presence of Ansari and his Chinese counterpart Li Yuanchao after their talks, as per the media reports. The MoU on industrial parks is aimed at attracting Chinese investments in India and provides an enabling framework for Chinese companies to invest in industrial parks and zones, reported media. According to media reports, Under the MoU, the two countries have agreed to cooperate to increase mutual investment in each other’s economies and this cooperation will be in accordance with the relevant domestic laws and regulations of each party and on the basis of equality and mutual benefit. An Industrial Park Cooperation Working Group made up of equal number of representatives from both the countries will be set up to identify and agree upon the detailed modalities for implementing cooperation under this agreement and will periodically review the progress, an official statement said.
30/06/2014 12:53
India and China on Monday signed three key MoUs, including one on industrial parks and flood data of Brahmaputra river, coinciding with the visit of Vice President Hamid Ansari, reported PTI. The agreements were signed in the presence of Ansari and his Chinese counterpart Li Yuanchao after their talks, as per the media reports. The MoU on industrial parks is aimed at attracting Chinese investments in India and provides an enabling framework for Chinese companies to invest in industrial parks and zones, reported media. According to media reports, Under the MoU, the two countries have agreed to cooperate to increase mutual investment in each other’s economies and this cooperation will be in accordance with the relevant domestic laws and regulations of each party and on the basis of equality and mutual benefit. An Industrial Park Cooperation Working Group made up of equal number of representatives from both the countries will be set up to identify and agree upon the detailed modalities for implementing cooperation under this agreement and will periodically review the progress, an official statement said.
