India and China signed three MoUs for cooperation
India and China signed three MoUs for cooperation in economy, trade and education.
The President of China, Xi Jinping arrived in India at Ahmedabad, Gujarat on 17 September 2014. He is on a three-day official visit to India. On the very first day of his visit, he signed three Memorandum of Understanding (MoU) with India.
Three Memoranda of Understanding (MoUs) are
• MoU to establish Sister Province relations between Guangdong, China and Gujarat, India: It covers cooperation in economy and trade, environmental protection, public policy education, health, science and technology, tourism and culture.
• MoU between the cities of Guangzhou, China and Ahmedabad, Gujarat, India: It is signed for closer cooperation between the local authorities of the two cities, which will facilitate engagements in the fields of economy and trade, environment protection, public policy, education, health, science and technology, tourism and culture. Knowledge sharing will be done through delegation visits, institutional meetings and sharing of experiences in areas of mutual interest.
• MoU signed between Industrial Extension Bureau (iNDEXTb) and China Development Bank: Under the MoU, iNDEXTb will assist Chinese investors in obtaining required clearances and creating infrastructure facilities in the industrial parks. The iNDEXTb is a nodal agency of Government of Gujarat for investment promotion.