"The inked deals, which are worth USD 590 million, cover crucial sectors like infrastructure, energy, agriculture, information technology, electronics and pharmaceuticals," Guangdong's Deputy Director General of Department of Commerce Chen Yuehua said at a press conference here.
He said that these MoUs were signed at the China-India (Gujarat) Economic and Trade Cooperation Conference organised by the Government of Guangdong province of China.
He, however, did not gave an individual break-up of deals signed by different companies.
Some key agreements signed between business leaders include an MoU to develop the Ahmedabad Industrial Park signed by the Gunagdong-based Wangtat Construction and Investment Holding Group of China and the Apollo Group of Companies, he said.
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Wangtat Group has also joined hands with the Gujarat-based Payal Properties to develop an industrial park in Bharuch, he said.
An investment cooperation agreement has been signed between the Silkroad Development Holdings Ltd of China and the India-based Vasundhara Infra-Developers to develop the ambitious Silk Road project, he said.