CII welcomes business outcomes of PM's visit to China

Says Modi's visit to China has redefined the economic partnership of the two largest and fastest-growing developing economies in the world

Prime Minister Narendra Modi's visit to China has redefined the economic partnership between the two largest and fastest-growing developing economies in the world, industry body CII said today.

Welcoming the business outcomes of the visit, it said: "Prime Minister Modi's visit to China has redefined the economic partnership of the two largest and fastest-growing developing economies in the world".

In a statement, it said: "The Prime Minister personally took up matters of concern to industry, and CII's sense is that as a result, sentiments on both sides are very positive and upbeat."

In the presence of the Prime Minister at the India-China Business Forum in Shanghai, Indian and Chinese companies exchanged 24 agreements for cooperation totaling USD 22 billion including investments and financing across sectors, the statement said.

Chinese initiatives in the sectors of railways, skill development, public health and medical education will further build on economic cooperation between the two countries, it added.