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Chinese investment in the Indian economy will amount to 20 billion dollars
Over the next 5 years, China intends to invest 20 billion dollars in the Indian economy. This is stated in the signed Indian-Chinese Five Year Trade and Economic Development Plan following the talks between Indian Prime Minister Narendra Modi and Chinese President Xi Jinping.
The plan should "promote a balanced and sustainable development of trade and economic relations between China and India," the document says.
As a result of the negotiations, 15 signed various documents.
In particular, the Chinese side plans to assist India in modernizing the country's railway system, including the construction of high-speed lines and the renewal of railway stations.
In addition, Beijing will build industrial zones in the states of Gujarat and Maharashtra and will provide Delhi with greater access to its market for the export of agricultural and pharmaceutical products.
China and India also concluded deals worth more than $ 3 billion in air transport leasing and telecommunications.