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Wednesday, December 15, 2010

The Dragon is here! Deals worth $16 billion signed

After multi-billion dollar deals with US and French companies, Indian businesses are inking $16 billion worth deals with China's industry, whose representatives are accompanying Premier Wen Jiabao on his three-day visit to India.

"The (investment and trade promotion) mission is scheduled to sign economic and trade agreement worth more than $16 billion with Indian companies," Wen said in the presence of Commerce and Industry Minister Anand Sharma in New Delhi.

Addressing a gathering of Indian and Chinese industry captains, the visiting premier said China is ready to work with India to increase the scale, and expand the scope of bilateral business cooperation.

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