A Memorandum of Understanding (MoU) on 'Cooperation on Industrial Parks in India' was signed with People's Republic of China on 30th June, 2014 in Beijing which was the outcome of the consultations held during the State visit of Mr. Li Keqiang, Premier of the State Council of the People's Republic of China to India from 19 to 22 May 2013, during which both the sides expressed willingness to carry out cooperation on establishing industrial zones so as to provide platforms for cluster-type development of enterprises of the two countries as mentioned in the Joint Statement dated 20 May, 2013 issued during the visit.
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