Mumbai: Chinese president Xi Jinping will bring along with him $100 billion or Rs 6 lakh crore of investment commitments over five years during his upcoming India visit next week. This is nearly thrice the $35 billion secured by Prime Minister Narendra Modi during his Japan trip.
Jinping will land in Modi’s home state Gujarat on September 17the Prime Minister’s birthday following his visit of Tajikistan, Maldives and Sri Lanka.
Confirming this, Liu Youfa, China’s consul-general in Mumbai, said, “On a conservative estimate, I can say that we will commit investments of over $100 billion or thrice the investments committed by Japan during our President Xi Jinping’s visit next week.
These will be made in setting up of industrial parks, modernization of railways, highways, ports, power generation, distribution and transmission, automobiles, manufacturing, food processing and textile industries.
Bureau Report
Leave a Reply