India and China Signed 15 MoUs

India and China signed total of 15 Memorandum of Understanding (MoUs) in a structured process of procurement of Indian products worth value of 338 million US Dollar on 23rd September. The MoU was signed at the India-China Business Matchmaking Symposium for promoting exports from India to China held on 23rd September 2013 in New Delhi. 

Zinc concentrates and copper concentrates, cotton yarn, frozen fish/ linter, cotton and cotton yarn, menthol, castor oil and guar gum, acrylic tow, Indian granite block and cedrus deodara seed include in the products regarding which the procurement MoUs were signed include. 

It is important to note that the Department of Commerce of India in co-ordination with Ministry of Commerce of People’s Republic of China is facilitating visit of an important Chinese business delegation to India to explore procurement opportunities with their Indian Counterparts companies. The local co-organiser of this is CII. The delegation is led by Jia Guoyong, Vice Director General of Trade Development Bureau, MOFCOM with representatives from 27 national level Chinese companies.