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Friday 19 September 2014

Namo Mantra Makes China to Invest $20 Billion In India and Major Agreements


MAJOR AGREEMENTS
  • India and China agree to resolve border dispute and define the Line of Actual Control soon
  • Both sides agree to look at greater cooperation on the issue of shared rivers
  • Take positive steps towards rebalancing bilateral trade and addressing the existing structural imbalance in trade
  • China to set up two industrial parks for 1,250 acres each in Gujarat and Maharashtra
  • China to invest $20 billion in various industrial and infrastructure development projects
  • Increase speed on the existing railway line from Chennai to Mysore via Bangalore
  • Chinese side will provide training in heavy haul for 100 Indian Railway officials
  • Cooperation in High Speed Rail project
  • Annual visits at the level of Heads of State/Government
  • City in each country would be identified for a smart city demonstration project
  • BCIM (Bangladesh, China, India, Myanmar) Economic Corridor to be expedited
  • Chinese side decided to open a new route for the Mansarovar Yatra through Nathu La Pass
  • China will be the partner country at the Delhi International Book Fair 2016.

MOUS
  • Documents signed between India & China on Thursday
  • MoU on new route for Mansarovar pilgrimage
  • MoU to strengthen cooperation in railways
  • Action plan for cooperation in railway projects
  • Trade and economic development plan (includes $20-billion Chinese investment over five years)
  • Agreement on minutes of the 10th session of India-China joint economic group, for specific measures to enhance market access to Indian agricultural and pharma products, besides services
  • Agreement for audio-visual co-production
  • Agreement for cooperation in Customs
  • Agreement for peaceful use of space
  • Agreement for cooperation between cultural institutions
  • MoU for book fairs, etc
  • Work plan for cooperation in pharma standards, traditional medicine and drug testing
  • Agreement for sister city relationship between Mumbai and Shanghai

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