MoU signed between India and China for Chinese industrial parks - infrabuddy.net

MoU signed between India and China for Chinese industrial parks

MoU has been signed between India and China on 30th June 2014 for setting up Chinese Industrial park.The agreement signed is to ease more Chinese investment in India in order to compensate the ballooning trade deficit in the country.

The government of India with this MoU is expecting a strong pitch for greater access for Indian goods and services in China will also seek big investments in the Chinese industrial parks. The Chinese government is planning to set up four industrial park in different states of India . Also, India has asked China to open its market for IT and Pharmaceuticals in the country.