India-China Sign MOUs

We discussed regional connectivity and the proposal for the Bangladesh, China, India and Myanmar Economic Corridor. Located at the crossroads of Asia, India believes that reconnecting Asia is important for its collective prosperity. I also believe that our efforts to rebuild physical connectivity in the region would also require a peaceful, stable and cooperative environment.

• New Route for Indian Pilgrimage (Kailash Mansarovar Yatra) to the Tibet Autonomous Region of the People’s Republic of China - Annual Kailash Manasarovar Yatra through Nathula Pass in Sikkim addition to the existing Lipulekh Pass in Uttarakhand.

• Railways - cooperation in the Railway sector in following areas: (i)speed-raising, (ii)studying feasibility of cooperation in High-Speed Railways, (iii)Heavy-Haul transportation training of Indian Railway personnel, (iv)Redevelopment of Railway stations, (v)setting up of a Railway University in India, etc.

• Five year Trade and Economic Development Plan - The main objectives of the plan are : (i) reduction of bilateral trade imbalance; (ii) strengthen investment cooperation to realize US$ 20 billion investment from China in 5 years; (iii) a transparent, stable and investor friendly business environment; and (iv) enhanced cooperation between Chambers of Commerce and financial sectors.

• Specific measures to enhance market access to Indian products such as agricultural, pharmaceutical and export of services will be expedited.

• Trans-border economic crimes and custom offences through sharing of information.

• Book Fair - Both sides have agreed that China will participate in the New Delhi World Book Fair 2016 as the Guest of Honour Country.

• Drug - Work Plan on Drug Administration and Cooperation between China Food and Drug Administration of the People’s Republic of China and Ministry of Health & Family Welfare of the Republic of India - cooperation in fields of drug standards, traditional medicine and drug testing, etc. Both sides will exchange delegations to enhance cooperation in this area.

• Maharashtra Industrial Development Corporation and Beiqi Foton Motor Co.Ltd. on supporting the setting up of industrial parks in Maharashtra - The MoU would lead to setting up of Industrial Parks in Gujarat with the support of Chinese enterprises and provide a platform for cluster development.

• China Development Bank Corporation and iNDEXTb on supporting the setting up of industrial parks in Gujarat - The MoU would lead to setting up of Industrial Parks in Gujarat with the support of Chinese enterprises and provide a platform for cluster development