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China agrees to invest $20bn in India

  • India and China have signed a dozen deals during President Xi Jinping visit to India, including a pledge by China to invest $20bn in the South Asian nation’s infrastructure over a five-year period, according to media reports.

    However, emphasizing India’s concerns over what it sees as incursions by Chinese troops into Ladakh, prime minister Modi said “peace on the border” was needed for progress.

    The agreements signed include upgrading India’s railway network, and establishing industrial parks in the states of Maharashtra and Gujarat. 

     

    Tagged as: India, China, Xi Jinping, infrastructure, Ladakh, prime minister Modi, border incursions, railway, industrial parks, Maharashtra, Gujarat, business news