Saturday 9 April 2016

Chhattisgarh signs 7 more MoUs worth Rs 16000cr Chinese investme

RAIPUR: On its fourth day of the visit to China, Chhattisgarh's state delegation in Shenzhen signed seven significant MoUs worth Rs 16,000 crore in solar manufacturing, electronics, cement and electric vehicle manufacturing.

The delegation was at IT and electronics hub and major economic center in China attended by around 70 people representing 25 organisations.

Subodh Kumar Singh, secretary commerce & industries, signed seven MoUs on behalf of government of Chhattisgarh. These were with Asia Pacific Generation Ltd for investing $600 million for setting up a solar power plant, China Henan Bumper for an electric vehicles production line with an investment of $500 million and Hong Kong Jinyuan International Development Ltd for setting up a cement plant with an investment of $1 billion.
The other MoUs included Guangzhou Juan Optical and Electrical Tech Joint Stock Co for manufacturing of security cameras and network video recorders, Kootion Technology for USB drive manufacturing, Risen Energy for a solar photovoltaic cell project and Shenzhen Fluence Technology PLC. These MoUs are expected to bring in a cumulative investment of Rs 16,000 crore.

In his address, chief minister Raman Singh said, "I invite you to Chhattisgarh and see for yourself what our government has created for entrepreneurs like you."

Singh along with senior government officials, also met several potential Chinese investors in one-on-one meetings. These included meetings with a delegation from Shenzhen Electronic Chamber of Commerce, Cindy Wu, Channel Sales Leader for Microsoft and others.

During the event, chief secretary of Chhattisgarh, Vivek Dhand and principal secretary IT, Aman Singh spoke about the opportunities to invest in Chhattisgarh and about IT policy, the quality of industrial and urban infrastructure particularly in sunrise sectors like IT/ ITeS, electronics, food processing, engineering, manufacturing, solar equipment manufacturing.

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