India, China sign three MoUs in Ahmedabad during President Xi Jinping's visit

India and China on Wednesday signed three Memoranda of Understanding (MoUs); including one on the setting up of an industrial park in Gujarat.

The MOUs were signed in the presence of Prime Minister Narendra Modi and Chinese President Xi Jinping.

The MoU related to setting up of the industrial park in Gujarat was the first one to be signed between the two countries.

The second one was the sister city pact between China's Guangzhou and Ahmedabad related to developing the model state.

The third MOU was signed between Guangzhou and Ahmedabad Municipal Corporation related to sister city relations.

President Xi, who is on a three-day visit to India, was earlier today received by Prime Minister Modi at a hotel, where the Prime Minister also presented a bouquet of flowers to both the Xi and his wife Peng Liyuan. The two leaders shook hands with each other and exchanged brief pleasantries.

Earlier on his arrival, the Chinese President was received by Gujarat Chief Minister Anandiben Patel and her Cabinet colleagues at the Sardar Vallabhbhai Patel International Airport here.

The visit is expected to focus largely on ramping up bilateral trade and investment, besides addressing the contentious border issue between the two Asian giants.

India expects that the visit will address the 'interests and concerns' of both the countries and that 'all substantive' issues having bearing on the ties including the boundary dispute will be discussed.

Keen to boost its trade ties with India, the Chinese side has already indicated that it will pledge to invest billions of dollars in India's railway, manufacturing and infrastructure projects during the Chinese President's visit.