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Four deals signed on last day of Patil's China visit
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SME Times News Bureau | 01 Jun, 2010
Four commercial deals, including by IT majors Wipro and Infosys, were
signed at India-China business forum in Shanghai Friday on the last day
of President Pratibha Patil's six-day official visit to China.
Patil addressed the gathering of Indian and Chinese businessmen here
and witnessed the signing of one academic and three commercial deals.
The first memorandum of understanding (MoU) was to set up an annual
visiting chair in humanities and social sciences at Fudan University in
Shanghai. It was signed by India's Ambassador S. Jaishankar on behalf
of Indian Council for Cultural Relations and Fudan University president
Yuliang Yang.
The agreement was for Fudan university to host a visiting professor
during a four-month semester of each academic year. The MoU will be
effective from March 2011.
The world's largest independent manufacturer of hydraulic cylinders,
Wipro Infrastructure Engineering, signed a deal to set up its first
factory in the southern Chinese city of Changzhou. Later, a research
and development centre will also be established.
The Indian IT major Infosys plans to construct a Infosys China
Education Centre in Jiaxing city, which will train 1,000 fresh
engineering graduates and conduct soft skills and leadership training
programs.
"The Jiaxing municipal government is of the view that the establishment
the educational centre by Infosys would be a major step forward for
achieving that Goa"," said a press note on the deal.
A subsidiary of the GMR group, GMR Kamalanga Energy Ltd, inked a
contract with Shandong Electric Power Construction Corp to become the
turnkey contractor for its 1,050 megawatt coal-based thermal power
project in Orissa.
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