India, China Business Reps. Sign MoUs

May 31, 2010 Posted by India Briefing Reading Time: < 1 minute

May 31 –Representatives from leading Indian and Chinese businesses and establishments signed several progressive memorandums of understanding today on the sidelines of Indian President Pratibha Patil’s visit to Shanghai.

Chinese and Indian delegates from top companies and institutions like Aargus, GMR Energy, Infosys, SEPCO, Wipro, and Shanghai’s Fudan University were in attendance, among many others.

India’s Wipro Technologies, one of the largest IT related companies in the country, was able to sign an MoU with Chinese officials from the city of Changzhou, in Jiangsu Province. The Indian company will establish a hydraulic cylinder manufacturing center and an accompanying research and development facility in the east China city.

Infosys Technologies of India, another one of the top IT related companies in the country, was also able to get a deal done with State officials from Jiaxing, in Zhejiang province. Under the MoU, the Indian software company will set up an education center in the city to train as many as 1000 software engineers in an effort to satiate the industries growing demand.

Chinese electric company SEPCO signed a deal with Indian energy company GMRK that will expand SEPCO’s current 1050 megawatt thermal power project in Orissa by adding an additional 350 megawatt unit.

Shanghai’s Fudan University and the Indian Council of Cultural Relations came to an agreement that will send an Indian professor to the Chinese university for one semester every year in the humanities and social sciences department.

Overall, the meetings were very successful and many delegates hope that the two countries can continue to cooperate on such issues in the future.