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Key MoUs signed between Gujarat and China, including Rs 19,000 cr-Smart City project

Gujarat Chief Minister Smt Anandiben Patel witnessed signing of key MoUs today in Beijing. One-to-one business meetings were held between China Association for Small and Medium Enterprises (CASME) and industries-organisations from Gujarat.

Various MoUs were signed in areas of infrastructure, tourism, transport, energy and waste management.

Under a significant MoU signed between China Small and Medium Enterprise Investment Ltd (CSMEI) and iNDEXTb, a Gujarat government organization, US$3 Billion (Rs 19,000 crore) will be invested in a Smart City project in Gujarat. Mr Arvind Agarwal, Additional Chief Secretary, Industries and Mines Department, Gujarat, exchanged this MoU with Mr Guo Zhixin, Deputy Secretary General, CASME, in presence of CM Smt Patel.

MoU was exchanged between iNDEXTb and Gao Xia, Chairman, Hong Bang Finance and Investment Ltd for infrastructure projects.

Giving boost to tourism and transport sector, MoU was signed between iNDEXTb and Guangdong Richwood Group. Mr Dong Jun, Chairman of Richwood Group and CM Smt Patel discussed the possibilities for viable projects for hospitality and tourism infrastructure in Gandhinagar, transport infrastructure in Surat and Logistics Parks near Kandla Port and Dahej Investment Region.

Supporting Gujarat’s commitment towards ‘Swachata Abhiyaan’ and ‘Clean and Green Energy’, important MoU was exchanged between iNDEXTb and Mr Li Cun Xuan, Chairman, Sinofinn Group (Power Projects) for Bio-waste and city-waste based power projects.

Sanghi industries also signed MoU with Chinese company for a project on power generation from cement waste-gas plant.

Given that MSME is the backbone of Gujarat’s economy, collaborations with CASME will prove to be beneficial for both Gujarat and China.

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