India has signed one MoU on 'Cooperation on Industrial Parks in India' with China in last 3 yrs

New Delhi, July 31 (KNN) During the last three years, including the current year, Government of India has signed one MoU on “Cooperation on Industrial Parks in India” with Peoples Republic of China on June 30, 2014, Commerce & Industry Minister Nirmala Sitharaman informed Parliament today. 

As a follow up of the signing of MoU with China, Industrial Extension Bureau, a Government of Gujarat Organisation signed an MoU with China Development Bank Corporation, China for supporting setting up of Industrial Parks in Gujarat.
 
Further, Maharashtra Industrial Development Corporation, an undertaking of Government of Maharashtra signed an MoU with Beiqi Foton Motors Co. Ltd., a company incorporated in China for setting up an Industrial Park in Maharashtra. The concerned entities are in discussion for taking necessary steps to operationalise the MoUs, she said. 

Based on the type of industries being set up, industrial parks have the capacity to generate sufficient employment. 

Wherever necessary, Ministry of Defence and Ministry of Home Affairs are consulted before signing MoUs with foreign countries. In all cases, consultation is done with Ministry of External Affairs. (KNN Bureau)