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Gujarat government on Monday signed a memorandum of understanding (MoU) with Yunnan province of China for cooperation to invest in technical and research and development (R&D).  The MoU was signed between Industrial Extension Bureau (Indext-b) and Yunnan's Development Research Centre at Sachivalaya.

In presence of Gujarat Chief Secretary A K Joti, the MoU was signed by iNDEXT-b MD Mukesh Kumar and Secretary Li Chon Graene of Yunnan Development Research Cenre.

Referring Gujarat's Infrastructure, Gujarat Chief Secretary A K Joti informed that due to the Delhi Mumbai Industrial corridor, Investments are estimated to 10 Billion US $, raising job opportunities.

Shri A K Joti further stated that Gujarat contributes over 20% share in Manufacturing sector. Engineering and Auto Manufacturing sectors are of prime importance as companies like General Motors, Bombardier, Sandvik Asia, FAG Bearing, Tata Nano, Peugeot, Hitachi etc. have established their manufacturing units in Gujarat.

Deputy Director Mr. Li Chon of Yunnan Development Research Centre mentioned that Gujarat is a Vibrant state with fast paced development and ties between Gujarat and Yunnan will bring mutual cooperation for investment and industrial development.

The MoU is considered a step towards Gujarat's effort to develop direct relations with China after Chief minister Narendra Modi visited China recently.
 
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