Gandhinagar, Oct 1 (KNN) In a bid to attract investments in the state, the Gujarat government has signed an MoU with the China Association of Small and Medium Enterprises (CASME) to set up a China Industrial Park at the Dholera Special Investment Region (SIR).

The MoU is estimated to attract Rs 10,500-crore investment by Chinese SME units in pollution-free, high-tech areas and create 15,000 direct and indirect jobs at local level.

Speaking on the occasion, Chief Minister Vijay Rupani said the MoU is likely to bring FDI from China in large quantity as Chinese firms are expected to set up units by 2022.

It is the need of the hour to provide incentives to start production in the state and boost the relationship between the two countries, he added. 

She further mentioned “Gujarat is best destination for investment as well as ease of doing business and attractive infrastructure. China and India have huge markets and the MoU could ensure a win-win situation for both the countries."

Under this MoU, Chinese SMEs would get benefits under solar energy schemes for the MSME sector announced by the Gujarat government, said Rupani.

As per the MoU, CASME will promote Chines industries and develop Dholera as a major investment hub.

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