MoUs to be inked with China during Modi visit get govt nod

Image
Press Trust of India New Delhi
Last Updated : May 13 2015 | 8:13 PM IST
Ahead of Prime Minister Narendra Modi's visit to China from tomorrow, government today cleared a number of pacts to be inked with that country, including expansion of cooperation in tourism sector.
The MoUs on mining and mineral sector, tourism and another agreement to renew an arrangement on traditional medicines were cleared in the meeting, chaired by Modi, hours before he leaves for his three-nation tour of China, Mongolia and Korea.
Under the mining and minerals pact, an institutional mechanism between the two countries on cooperation in the field of mining and mineral sector will be set up which will help in exchange of information on resources, laws and policy, encouragement of transfer of technologies and promotion of value addition, a government release said.
The Union Cabinet also cleared a proposal to extend the tenure of an MoU signed with the China State Administration of Traditional Chinese Medicine (SATCM) on cooperation in traditional medicine. The MoU had expired on January 13, 2013 on completion of its validity period of 5 years.
It will enhance bilateral cooperation between the two countries in the field of "traditional medicine which will immensely benefit both the countries as they are blessed with well-developed scientific systems of traditional medicine", the release said.
During Modi's three-day visit to China, an agreement to expand cooperation in tourism field is also expected to be signed by creating an institutional mechanism.
The main objectives of the agreement is to expand bilateral cooperation in the tourism sector, exchange information and data related to tourism and to encourage cooperation between tourism stakeholders including hotels and tour operators, among others.
The agreement is also aimed at setting up exchange programmes for cooperation in human resource development and attract investment in the tourism and hospitality sectors.
Modi, who is undertaking his first visit to China as Prime Minister, will tomorrow reach the ancient city of Xi'an, the home town of President Xi Jinping, for a summit meeting. He will hold talks with his Chinese counterpart Li Keqiang in Beijing on Friday on an entire gamut of bilateral ties.
The Cabinet also cleared a slew of MoUs to be inked during Modi's stay in Mongolia and Korea which included a pact on transfer of sentenced persons between India and the Mongolia as also border guarding, policing and surveillance.
With Korea, the pacts included maritime security and in energy sector.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 13 2015 | 8:13 PM IST

Next Story