India & China Sign Record 24 Key Agreements Worth Over $10 Billion

[Chanakya's_Chant]

 

[Chanakya's_Chant]

​

List of 24 agreements signed between India and China​

NEW DELHI: India and China on Friday signed 24 deals worth over $10 billion during Modi's visit to the country.

Here's the complete list:

1. Protocols between India and China on the establishment of consulates-general at Chengdu and Chennai and the extension of the consular district of the consulate general of India in Guanzhou to include Jiangxi province.

2. MoU between the ministry of skill development and entrepreneurship of India and the ministry of human resources and social security of China on cooperation in the field of vocational education and skill development.

3. Action plan on cooperation in setting up of the Mahatma Gandhi National Institute for Skill Development and Entrepreneurship in Ahmedabad/Gandhinagar in Gujarat.

4. MoU between India and China on consultative mechanism for cooperation in trade negotiations.

5.MoU on cooperation between the ministry of external affairs of India and international department of the central committee of the Communist Party of China.

6.Action plan between the National Railway Administration of China and the ministry of railways of India on enhancing cooperation in the railway sector. (2015-16).

7. MoU on education exchange programme.

Full text: Joint statement of India-China bilateral talks

8. MoU between the ministry of mines of India and the ministry of land and resources of China on the cooperation in the mining and minerals sector.

9. Space Cooperation Outline (2015-2020).

10. Protocol on health and safety regulations on importing Indian rapeseed meal between the export inspection council, ministry of commerce and industry of India and the general administration of quality supervision, inspection and quarantine.

11. MoU between Doordarshan and China Central Television on cooperation in the field of broadcasting.

12. Agreement between the ministry of tourism of India and the national tourism administration of China on cooperation in the field of tourism.

13. MoU on establishing India-China think-tanks forum.

14. MoU between India's Niti Aayog and the Development Research Centre, State Council of China.

Modi-Xi personal chemistry on display on Day 1

15. MoU between India's ministry of earth sciences and the China Earthquake Administration concerning cooperation in the field of earthquake science and earthquake engineering.

16. MoU between India's ministry of earth sciences and the State Oceanic Administration of China on cooperation in the field of ocean science, ocean technology, climate change, polar science and cryosphere.

17. MoU on scientific cooperation between Geological Survey of India, ministry of mines of India and the China Geological Survey, ministry of land and resources of China in geoscience.

18. MoU between the ministry of external affairs of India and ministry of foreign affairs of China on establishment of states/provincial leaders' forum.

19. Agreement on the establishment of sister-state/province relations between state government of Karnataka and provincial government of Sichuan of China.

20. Agreement on establishment of sister-city relations between Chennai and Chongqing of China.

21. Agreement on establishment of sister-city relations between Hyderabad and Qingdao of China.

22. Agreement on establishment of sister-city relations between Aurangabad and Dunhuang of China.

23. MoU between the Indian Council for Cultural Relations and Fudan University on the establishment of a centre for Gandhian and Indian studies.

24. MoU between Indian Council for Cultural Relations and Yunnan Minzu University on the establishment of a yoga college.

List of 24 agreements signed between India and China - The Times of India

 

[Takshashila]

so 35 billions from Japan, 4 billions from USA and now 30 Billions from China. Win Win Situation for India

 

[ito]

Most of the agreements are symbolic in nature than anything substantive, but a good beginning. Relations between India and China will be one of the most important international relations of the 21st century.

 

[Ryuzaki]

Last year,a couple of industrial/it parks were being set up by China in Modi's favourite state.Till now,only 18% of land has been acquired.

Under Modi's leadership in Gujarat,MOU's worth 681 billion were signed.Only 10% was actually invested i.e. 68 billion

 

[magudi]

Last year,a couple of industrial/it parks were being set up by China in Modi's favourite state.Till now,only 18% of land has been acquired.

Under Modi's leadership in Gujarat,MOU's worth 681 billion were signed.Only 10% was actually invested i.e. 68 billion

Typical feku eyewash, keep busting bhakt bubble,you are one hell of an intellectual mate

 

[nik141991]

India China think tank good, hope we dont name it RANDI 2.0

 

[Alpha BeeTee]

$10 billion 0nly ?
Awww...
India is seven times bigger,fatter and chubbier than Pakistan,isnt it ?
We were expecting an investment seven times healthier than Pakistan.
Tsk tsk tsk...
:-D

 

[magudi]

$10 billion 0nly ?
Awww...
India is seven times bigger,fatter and chubbier than Pakistan,isnt it ?
We were expecting an investment seven times healthier than Pakistan.
Tsk tsk tsk...
:-D

30 Billion actually , quite good considering we don't have deeper than ocean kinda friendship

 

[Manindra]

$10 billion 0nly ?
Awww...
India is seven times bigger,fatter and chubbier than Pakistan,isnt it ?
We were expecting an investment seven times healthier than Pakistan.
Tsk tsk tsk...
:-D

Indian PSUs have $ 100 billion uninvested reserve alone as I am not counting Private sector.

 

[WAR-rior]

so 35 billions from Japan, 4 billions from USA and now 30 Billions from China. Win Win Situation for India

I am not sure if the earlier $ 20 Bn were exclusive of the current $ 10 Bn agreements?

$10 billion 0nly ?
Awww...
India is seven times bigger,fatter and chubbier than Pakistan,isnt it ?
We were expecting an investment seven times healthier than Pakistan.
Tsk tsk tsk...
:-D

Leave it kid. U know nothing. We dont need investments in power, roads and electricity from China like u guys. We ourselves have money to do so given the fact our Land Bill is cleared.

We have actually built base for future cooperation in those MoUs. India dont need cash only. It needs information and knowledge and thats what we have got.

 

[Chanakya's_Chant]

$10 billion 0nly ?
Awww...
India is seven times bigger,fatter and chubbier than Pakistan,isnt it ?
We were expecting an investment seven times healthier than Pakistan.
Tsk tsk tsk...
:-D

In the first nine months of this fiscal year FY14-15, FDI (basically, foreigners setting up or buying businesses inside Pakistan) from every country of the world, including China, was $710m. Chinese share was just some $178.3 million in these nine months. Not compare it to Indian FDI inflows in February '15 = $3.2 Billion. Enough said.

I am not sure if the earlier $ 20 Bn were exclusive of the current $ 10 Bn agreements?


Leave it kid. U know nothing. We dont need investments in power, roads and electricity from China like u guys. We ourselves have money to do so given the fact our Land Bill is cleared.

We have actually built base for future cooperation in those MoUs. India dont need cash only. It needs information and knowledge and thats what we have got.

The thing is we can't solely rely on such MoU's and bilateral agreements for FDI. Pakistan might have signed agreements worth billions in the current financial year but the fact is the Chinese invested only $178.3 million in the nine months of their FY. FDI and unilateral investments essentially depends on market sentiment / ease of doing business and potential returns the markets would provide.

Chinese companies especially the private ones aren't fools to invest in market which is full of financial risks - The fact is very much clear that "deeper than oceans and sweeter than sugar" friendships don't work in this era - it's money and business that matters! Same very well applies for India as well. I am not too optimistic of these agreements though some will actually work.

 

[Alpha BeeTee]

30 Billion actually , quite good considering we don't have deeper than ocean kinda friendship

Good for you..
Lets see how much noise Pakistan makes over it compared to ur media's rants on invst in Pakistan.

 

[ito]

$10 billion 0nly ?
Awww...
India is seven times bigger,fatter and chubbier than Pakistan,isnt it ?
We were expecting an investment seven times healthier than Pakistan.
Tsk tsk tsk...
:-D

There is a difference. China invested 46 billion in Pakistan to connect sea to its underdeveloped western regions. China did n't invested in your economy. While 10 billion is investment in Indian economy.

So essentially Chinese are not looking to get back their returns from 46 billion, but they are looking to get back their returns from 10 billion

 

[OrionHunter]

$10 billion 0nly ?
Awww...
:-D

Let's cut the crap! For your info, substantial will be the high speed rail corridor from Chennai to New Delhi for which feasibility studies are already underway costing $20 million. The project would cost approx $10 billion.

At present Chinese companies are involved in infrastructure development in India worth $40 billion. President Xi Jinping also signed landmark deals during his vist to India in 2014 which will see China investing $20 billion in infrastructure etc.

So that totals up to $80 billion including the recent agreements.

Additionally, Sino Indian trade stands at $70 billion slated to reach $100 billion by next year, compared to Sino Pak trade languishing at a measly $14 billion!

Cheers!