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Indian-Chinese Firms Sign 26 Pacts Worth 22 Billion Dollar
May 19, 2015

Leading companies from India and China signed 26 deals here, worth $22 billion. Among the Indian firms that signed the deals were Adani Group, Bharti Airtel and Welspun. The agreements spanned a range of sectors, including renewable energy, power, steel, and small and medium enterprises.

  • Bharti Airtel tied-up for a credit facility of $2.5 billion with China Development Bank and Industrial and Commercial Bank of China.

  • Adani Group signed an agreement with Golden Concord Holdings to establish an integrated photovoltaic  (PV) industrial park in the Mundra special economic zone and to explore investment in gas-based power generation and the natural gas sector.

  • Adani Ports & SEZ and Guangzhou Port Authority agreed to establish a sister port relationship between the Mundra and Guangzhou ports.

  • Welspun Energy entered into a memorandum of understanding with Trina Solar of China to jointly set up a PV industry park for the production of 500 Mw of PV cell and 500 Mw of PV solar module in India.

  • Among those that signed agreements on Saturday were IL&FS and Industrial & Commercial Bank of China (ICBC); IL&FS Energy Development Co and China Huaneng Group (for the 4,000-Mw Nana Layja thermal power project); and Jindal Steel and Power and ICBC.

  • Infosys entered into an agreement to build a China-India Information Service Industry Corridor in China’s Qinnan district.

  • Bhushan Power and Steel signed a pact with China National Technical Import and Export Corporation for an integrated steel project in Gujarat.


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