MoUs on IT sector, B2B agreements to be signed
After names of the new leadership were unveiled in China, the country is sending a huge business delegation along with officials of National Development and Reform Commission (NDRC), the counterpart of India's planning commission, to New Delhi.
The delegation, close to 200 officials and business heads, would sign two official memoranda of understanding, an agreement related to IT sector and business-to business agreements on Monday, Planning Commission member secretary Sindhushree Khullar told reporters here.
The official MOUs, cleared by India's Cabinet yesterday, would be between the Planning Commission and its Chinese counterpart on planning and policy coordination and another on sharing the technology and experience in energy efficiency measures.
NASSCOM and its Chinese counterpart will also sign an MoU on the IT sector.
Besides, seven MoUs are likely to be signed between companies of India and China.
The visit is part of ongoing exercise on India-China Strategic Economic Dialogue that began last year in Beijing.
Reserve Bank of India today said it there is no need to explain the monetary policy and it stands by monetary policy statement.
India's exports declined 3.67% to $25.68 billion in February