Gujarat government on Wednesday inked three pacts, two agreements and one memorandum of understanding (MoU) with Chinese agencies in the presence of visiting Chinese President Xi Jinping and Prime Minister Narendra Modi in Ahmedabad.
The three pacts include making Ahmedabad and the Chinese city of Guangzhou as sister cities, setting up of industrial parks in Gujarat and an agreement between Guangdong Province and the Gujarat government for development of cultural and social ties.
The agreement, aimed at developing industrial parks, was signed between China Development Bank (CDB) and Industrial Extension Bureau (iNDEXTb) of Gujarat. It envisages promoting the bilateral trade and setting up of industrial parks in the state, especially for electronics and electrical goods manufacturing.
“Gujarat is promoting manufacturing sector big way and Chinese firms have shown interest in setting up their manufacturing units in the state,” Gujarat’s additional chief secretary (industries) J Pandian told media persons after the ceremony.
“Gujarat has received Rs 700 crore investment from two Chinese firms which have opened their factories in Gujarat. Now, in the proposed industrial park, likely to come up near Vadodara, many companies will set up their factories and Gujarat authorities will facilitate them,” he added.
“The China Development Bank will extend credit with low interest to the companies setting up their plants in the sectors like electrical, electronics, plastics and plastic processing,” he added.
The agreement between Guangzhou and Ahmedabad provides for extending cooperating in the fields of education, culture, sports, urban planning, waste water management and public health.
These pacts will facilitate exchange of ideas and services between Gujarat and China.
During the MoU signing ceremony at Hotel Hyatt, besides Modi and Xi, Chief Minister Anandi Patel and her cabinet colleagues, members of Chinese delegation and several top businessmen from the state were present at the event.
“We are currently witnessing winds of change in the country. The relationship between the two global economies will be further fortified by these bilateral discussions and this will have significant positive implications for the global economy,” said Tulsi Tanti, Suzlon group head, who was present in the business delegation at the hotel.
Meanwhile, state authorities rolled out the red carpet as Xi and his wife Peng Liyuan accompanied with a delegation arrived at Ahmedabad airport in an Air China special aircraft. Giant billboards in Mandarin, Gujarati and English dotted the roads their convoy passed through in the city.