外文标题：China to invest over $5 billion in 2 business parks in Maharashtra, Gujarat
A day after Japan announced investments to the tune of $35 billion in India, China has said that it would set up two industrial parks—one each in Maharashtra and Gujarat involving investments in excess of $5 billion. China would invest $5 billion in the industrial park in Pune alone, which would focus on automobile manufacturing, in phases over the next decade.
The agreement on setting up industrial parks would be signed when Chinese President Xi Jinping visits India later this month, said the Chinese Consul-General in Mumbai, Liu Youfa. While the Pune park would have an area of about 6 sq km, the park that would come up near Ahmedabad in Gujarat would encompass an area of around 10 sq km and would require investments in excess of $1 billion.
The Ahmedabad park would focus on power transmission and generation equipment manufacturing, Youfa, who was in the city to participate in a programme organized by the Southern India Mills’ Association, said. The first phase of the Pune park, which would be completed in three years, would see investments to the tune of $500 million, he said.
“It (the park) would be a smart city. It would have banks, hotels, schools, recreational centres and all facilities,” Youfa said. The Pune park would ultimately employ 1 lakh persons and generate billions of dollars in revenues, he said. The park would have 15 companies and a bulk of the investments would come from Chinese firms, the Consul-General said.
China is seeking to prop up its investments in India, which remains paltry due to a host of issues. Direct investments by Chinese firms amounted to just $1 billion compared to around $4 billion invested by Indian companies in China, Youfa stated. China has made investments to the tune of $750 billion across the world. “Excessive security (screening) has killed efforts to increase Chinese investments (into India). Your (Indian) government has been setting up tall barriers,” he rued.
In the name of investment, the reptile should not be allowed to snoop/spy on us.
AGR india (chennai)
Let them first complete the visit in Pakistan by their President on sep 14th and 15th and see how much they will invest or donate with their best friendly nation and then think about on allowing their investment in India or not.
dharman mehta ()
china started trusting india now
why in Maharashtra n Gujurat only? why not in bengal, orissa, assam or mp?
Vishwa Kumar MC (Unknown)
good to know. this would improve the bilateral ties between both the countries. Because of Japans investment in India, China also felt they should also do this.
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It is good for india with both japan and china is investing in india. China now faces the heat and urge to invest in india since india japan relationship is getting strengthened. Now if russia also join hands with india, japan then it would be very difficult for china to create problems for india. I also urge Mr. Modi to have good relationship with russia and also germany so that both usa and china will come to their terms. JAI HIND.
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This is just a show off by the chini, In view of the japanese investment to be made in india….Why now they felt the urge to invest in India & why not in Infra ????
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Crab Kerala (Unknown)
We must discourage Chinese. We dont need them, based on true facts.
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