Agreements worth $1.42 bn to be inked between Indian, Chinese companies

Agreements will be signed in the presence of Chinese Premier Li Keqiang

Twenty agreements with a total investment of $1.42 billion will be signed here on Tuesday evening between Indian and Chinese companies in the presence of Chinese Premier Li Keqiang. These deals cover sectors including finance, textiles, energy and commodities.

The list of agreements compiled by CII, FICCI and ASSOCHAM include Essar Energy & China Development Bank Corporation, PetroChina International Co Ltd ($1 billion :financing cooperation), Sanchita Marine Products & Chinalight Resources Import & Export Corporation ($100 million : purchasing frozen seafood), SDP Services &  China Development Bank Corporation ($72.50 million :project financing), Reliance Industries & China Salt Import & Export Co Ltd ($50 million : purchasing),  HLN Enerprises & China National Township Enterprises Corporation ($30 million : purchasing frozen seafood), Sireesha Geo Granite & China Artex Corporation Fujian Company ($30 million : purchasing rough granite blocks (tan brown).

Reliance Industries & SUMSTAR Group Corp ($27 million :purchasing), Pearl Mineral & Mines & China Artex Corporation, Fujian Company ($20 million : purchasing rough granite blocks (black galaxy),  NSL Textiles &  Chinalight Resources Import & Export Corporation ($20 million :purchasing cotton yarn),  Lupin & China MEHECO Corp ($17 million :purchasing active pharmaceutical ingredient), The Cotton Textiles Export Promotion Council & CHGT China Texmatech Co ($15 million : purchasing cotton yarn, fabric), KV Limited & China Sinopharm International Corporation ($10 million : purchasing mentha), Archean Group & China Salt Import & Export Co Ltd ($5 million : purchasing solar salt), Abhay Corex Pvt Ltd & Chinalight Resources Import & Export Corporation ($5 million :purchasing cotton linters), Poonam Ice & Cold Storage & Chinatex Corporation ($3 million : purchasing frozen fish), Indian Acrylics & Chinatex Corporation ($2.3 million : purchasing acrylic tow), India Acrylic Fiber & China National Chemical Fiber Corp ($2.2 million :purchasing acrylic materials), Kikani Exports & China MEHECO International ($1.3 million :purchasing cotton yarn), Sarda Gums & Chemicals & Sinopharm Fortuneway Company ($1million : purchasing Guar Gum), Saras Products & China MEHECO Corp ($490,000 : purchasing senna leaves and black hemji).

Meanwhile, Chinese Premier will address business summit jointly organised by CII, FICCI and ASSOCHAM. The participants include Baba Kalyani, Bharat Forge CMD, Ravi Kant, Tata Motors vice chairman, Arun Nanda, M&M director, Shekhar Datta, Wockhardt director, Ganesh Natarajan, Zensar technologies vice chairman and CEO, Naresh Gupta, Lupin president, Kewal Nohria, Igarashi Motors, non executive independent chairman, Mukund Govind Rajan, Tata Sons brand custodian and chief ethics officer, Rana Kapoor, president-elect, ASSOCHAM, Sumit Mazumdar, vice-president, CII and Harsh Mariwala, past president, FICCI.