Business representatives of India and China signed three MoUs Monday to expand cooperation, under which leading Indian firms Infosys and
Wipro committed to undertake projects in the world's fastest growing economy.
Wipro signed an agreement to set up a hydraulic cylinder manufacturing unit in the eastern Chinese city of Changzou.
The MoU was signed between Harish J Shah, head of Wipro's Global Operations and Shen-Ruiqing, Secretary General of the Standing Committee of the Communist Party of China of
Changzou.
Under the agreement, Wipro will set up a plant that will manufacture high pressure precision hydraulic cylinders, and an R&D facility will be established to enable this centre.
Software giant Infosys will set up an education centre at Jiaxing to develop software talent in huge numbers to meet its growing business demand.
The Indian company will train up to 1000 engineering graduates under this agreement, an MoU for which was signed by Rangarajan, COO of Infosys China and Bong Miaohu, the Mayor of
Nanhu district.
The agreements were signed during a meeting of
business leaders of the two countries here today on the sidelines of President Pratibha Patil's visit to Shanghai.
Chinese electric power company SEPCO has undertaken to develop a 1050 MW coal-based thermal power project in Orissa.
The company, which is already working on the thermal power project, has committed to expand its capacity by adding a 350 MW unit to it.
The agreement to this regard was signed by Wang Lingfang, President of SEPCO Electric Power Construction Corporation from SEPCO's side and K V V Rao, Managing Director of GMRK Energy Limited.
As part of the agreements, the Fudan University in Shanghai agreed to consider to establish an annual Visiting Chair in Humanities and Social Sciences.
The agreement to this effect was signed between the Indian Council of Cultural Relations (ICCR) and Fudan University.
While S Jayshankar, Ambassador of India to China, signed the agreement from the Indian side, Yu Liang Yang, President of the Fudan University sealed it from the Chinese side.
The proposal concerns inviting a Professor from India during a four-month semester of each academic year.
As many as 57 business delegates represented 50 companies including Aargus, GMR, Infosys and Wipro, among others.
The Indian business leaders emphasised the need to have a balanced trade and equidistant trade relationship.
Businessmen from both countries also sought
identification of new areas of cooperation.