Modi winds up China Visit with 22 Bn dollar deals

Saturday, May 16, 2015,18:01 IST By metrovaartha A A A

Shanghai | Prime Minister Narendra Modi  today wound up his three-day visit to China inviting Chinese companies to take part in Indias massive infrastructure development and Make in India programme.
Friends! India-Chinese partnership should and will flourish. I expect very good outcome from this coming together. We have complemented each other in the past.  We can complement in the present and future too, Mr  Modi said at the India-China Business  Forum here before leaving for Mongolia on the second leg of his three-nation tour.
Mr Modi during the visit which had started from Chinese President Xi Jinpings home province  Xi’an, held talks with Mr Xi and Cinese Premier Li Kekqiang following which India and China  signed 24 agreements and announced far reaching Confidence Building Measures (CBMs), while resolving not to allow the lingering border dispute to come in the way of continued development of bilateral relations.
Mr Modi called for a quick resolution of the boundary issue and clarification of the Line of Actual Control(LAC) but no headway on the issue could announced  during the visit. According to sources, the Chinese preferred to go by the process of Special Representatives Talks.
The Prime Minister also urged China to reconsider on some of the contentious issues between the
two countries.
There was significant progress in military cooperation as both sides agreed to activate a hotline between their military headquarters at the earliest, to avoid any untoward incidents on the border. The major focus of Mr Modis viist, was, however, economic and trade, and the  two countries announced setting up of a strategic economic task force to correct the imbalance in trade.
Mr Modi, emphasising the key role of people-to-people contact in deepening ties, announced e-visa to the Chinese nationals.
The 24 agreements signed yesterday covered cooperation in diverse fields like high speed railway, smart cities, education, vocational education space, climate change, ocean resources, mining and minerals and tourism.
In this commercial hub of China today, the Prime Minister witnessed the signing of 26 business-to-business deals worth 22 billion dollars.Three deals have been signed by the Adani group and as many by the Bharti Airtel Limited.