China President Xis India visit: India to get industrial parks with Beijings help. The crucial element of the 21st century India will be the massive industrial parks that would also contribute significantly to make the country a manufacturing hub as planned by this NDA government. China, which will clinch a deal to set up two industrial parks in Gujarat and Maharashtra during President Xi Jinpings visit from September 17, has expertise in creating such zones. During Xis trip China will also sign an MoU for another Industrial park in Pune which will be in 6 sq kms and will attract $5 billion investment mainly in automobile manufacturing sector in phases over the next decade. First phase of Pune park which would require investments in excess of $500 million will be completed in three years.
Posted on: Tue, 16 Sep 2014 10:46:35 +0000
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