Chinese companies sign MoUs worth $338 million

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In a structured process of procurement of Indian products, 15 MoUs between Indian and Chinese companies, worth value of $ 338 million were signed.

The products regarding which procurement MoUs were signed include zinc concentrates & copper concentrates, cotton yarn, frozen fish/ linter, cotton & cotton yarn, menthol, castor oil &guar gum, acrylic tow, Indian granite block and cedrus deodara seed.

The MOUs were signed at India-China Business Matchmaking Symposium for promoting exports from India to China.

Department of Commerce of India in co-ordination with Ministry of Commerce, People's Republic of China is facilitating visit of an important Chinese business delegation to India to explore procurement opportunities with their Indian Counterparts companies. CII has been designated as the local co-organiser.

Story first published: Tuesday, September 24, 2013, 12:38 [IST]
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