STOCK MARKET BSE NSE

India, China Sign Three Key MoUs

Published: 30th June 2014 11:57 AM  |   Last Updated: 30th June 2014 11:57 AM   |  A+A-

BEIJING: India and China today signed three key MoUs, including one on industrial parks and flood data of Brahmaputra river, coinciding with the visit of Vice President Hamid Ansari here.

The agreements were signed in the presence of Ansari and his Chinese counterpart Li Yuanchao after their talks.

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.

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.

The MoU on flood data sharing will provide India with 15 days more of hydrological data of river Brahmaputra. The data helps India in flood forecasting.

India provides money for maintenance of three hydrological centres on the Chinese side. The data will be provided from May 15 to October 15 each year.

The third MoU will help the two countries establish a framework for regular interactions between administrative officials to share experiences and learn from each other's best practices. Specific programmes of cooperation will be worked out subsequently.

The MoU will ensure cooperation between Lal Bahadur Shastri National Academy of Administration, Mussoorie and China Executive Leadership Academy, Pudong, Shanghai.

The MOU envisages exchange of officials, cooperation in developing training programmes, field visits to each other?s countries.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp