外文标题：China to invest $100 billion in India over 5 years
MUMBAI: Chinese president Xi Jinping will bring along with him $100 billion or Rs 6 lakh crore of investment commitments over five years during his upcoming India visit next week. This is nearly thrice the $35 billion secured by Prime Minister Narendra Modi during his Japan trip.
Jinping will land in Modi's home state Gujarat on September 17 — the Prime Minister's birthday — following his visit of Tajikistan, Maldives and Sri Lanka.
Confirming this, Liu Youfa, China's consul-general in Mumbai, told TOI, "On a conservative estimate, I can say that we will commit investments of over $100 billion or thrice the investments committed by Japan during our President Xi Jinping's visit next week. These will be made in setting up of industrial parks, modernization of railways, highways, ports, power generation, distribution and transmission, automobiles, manufacturing, food processing and textile industries."
The consul-general's statements coincide with Modi's call for world class infrastructure projects after his review of major infrastructure sectors on Friday. The government also announced new projects worth Rs 9 lakh crore in energy, power, and roads.
China will initially invest $7 billion in industrial parks in Pune and Gandhinagar. "The Pune industrial park — spread across 5 square kilometres with an investment of $5 billion — will be for automobiles that will employ one lakh people and manufacture 1.5 lakh speciality vehicles. The Gujarat industrial park will be for manufacturing power equipment. China is also working on setting up an industrial park in Tamil Nadu for the textile sector and another one for the food processing sector," said Liu.
Appa Durai (Coimbatore)
It might help in reducing trade deficit for India
Modi government is effective. We will hear more and more good news in the days to come. Just wait for Modi's visit to the US.
Jay Prakash (Unknown)
Make sure Chinese dont get chance in key areas!! Anyways China wants to curb out the Indo-Japan tie up with its huge money!!! I am sure our govt is aware of that chainese cant be trusted!!!
all these investments should be properly scrutinised , keeping nations security & other concerns. As there is nothing called free lunch .As far as possible , these projects should be based in central & south of India .May be connecting all major cities in south by bullet trains .All the investment shall be subject to technology transfer & in house sourcing
Venugopal Pisharody (Ahmedabad)
This maybe good news. Care is essential. China is a smart and effective nation. It does not do charity. The investment is more than our government's annual infrastructure outlay.
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This will Pakistanis very unhappy.
KD A (Aus)
we shud stil go ahead with our partnership with Japan atleast in cases of bullet trains..chinese manufacturing cant be trusted plus chinese people cant be trusted..we have had the experience of that once...they kept saying hindi chini bhai bhai and then attacked India...and they have been encroaching in AP too..they really cant be trusted with important things...