Source: Business Standard, Jan 05, 2015
Ahmedabad: Taking a step ahead to boost the Sino-India trade relationship, the China Chamber of International Commerce, Sichuan Chamber and China India Trade & Investment Centre (CITIC) are all set to sign a memorandum of understanding (MoU) on January 11 (during the Vibrant Gujarat Summit) that will not only focus on economic and trade relations between the two concerned parties, but would also initiate talks for sister city agreements between Chengdu and Gandhinagar.
Aimed at enhancing India-Sichuan economic and trade exchanges and cooperation CCIC – Sichuan Chamber and CITIC will sign an MoU agreeing to exercise their best efforts to develop cooperation on various fronts.
Focus would be strengthening economic and trade cooperation in information, interactive transmission of both trade and investment management policies, economic situation, market demand and supply and major economic and trade activities information.
As per the MoU, both CITIC and CCIC, Sichuan Chamber would initiate talks for sister city agreement between Chengdu & Gandhinagar.
According to a statement from the CITIC here today, the focus will be in sectors including agriculture machinery, seeding technology, food processing, thermal/hydro power stations, IT, energy saving technology, electronics, women garments & footwear, furniture, construction material, Buddhist tourism circuit, innovation centre, banking relations, as well as starting a direct flight between Chengdu and Ahmedabad.
The statement further adds that both parties should set up import, export and innovation incubation mechanism to enhance both corporate and product promotion.
“Both parties should build up internationalised platforms for both corporations to realize “introduce products; get acquainted with merchants to achieve cooperation” through web link, economic and trade promotion and match-making event. Buddhist circuit link will be developed between Gujarat & Sichuan, under the MoU,” it said.
Both parties should give full play the role of liaison offices through assisting member corporations in solving problems and difficulties.