Home / Knowledge / News / Textiles / India, China open new chapter in economic relations
India, China open new chapter in economic relations
18
Sep '14
Mr. Jinping (L) with Mr. Modi/c: narendramodi.in
Mr. Jinping (L) with Mr. Modi/c: narendramodi.in
India and China, the world’s two most populous countries, have opened a new chapter in their economic relations.
 
During the official visit of Chinese President Xi Jinping to India, both the countries agreed on a five-year economic and trade development plan, as an important new step to pursue higher ambitions in their economic relations.
 
During the visit, agreements were also signed on two Chinese industrial parks in India - one each in Gujarat and Maharashtra - and a commitment to realize about US$ 20 billion of Chinese investments in the next five years.
 
Over the two days in Ahmedabad and New Delhi, Indian Prime Minister Narendra Modi and the Chinese Premier discussed wide range of issues, including political and security issues, economic relations and people-to-people contacts. Both the leaders decided to deepen their engagement at all levels and hold regular summit level meetings.
 
During his talks, Prime Minister Modi also sought partnership in improving market access and investment opportunities for Indian companies in China. He apprised the Chinese Premier about India’s new policies and administrative steps and invited Chinese investments in India's infrastructure and manufacturing sectors.
 
The leaders also 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,” said Prime Minister Modi at a joint press briefing with Mr. Jinping.
 
On the sidelines of the official visit, Indian and Chinese companies signed 24 contracts worth about $4 billion across a range of sectors, including cotton yarn and fabric, and synthetic fibre. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search