Trade Resources Economy China Will Invest $6.8 Billion in India

China Will Invest $6.8 Billion in India

China will invest $6.8 billion to construction comprehensive industrial parks in Gujarat and Maharashtra. Indian and Chinese companies also signed a memorandum of understanding on 24 items.

China is the largest trading partner with India. At present the volume of trade between the two countries closer to $70 billion. But India's trade deficit with China climbed to $40 billion. The investment will help India to product more domestic products to replace imported products, so as to make up for the trade deficit between the two countries.

 

 

Written by Dora Men

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China Will Invest $6.8 Billion to Build Two Industrial Parks in India
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