The memorandum of understanding (MoU) was signed by the Principal Secretary, Industries and Commerce Arvind Kumar and Liu Cigui, Governor of Hainan, an island province in southern part of China, an official release said.
Under the pact, both the parties will make concerted efforts on the basis of equality and mutual benefits to promote people to people friendly contacts. The agreement also aims to boost economic and trade ties between the two sides and actively carry out exchanges and cooperation in the fields of IT industry, manufacturing and others, it said.
Meanwhile, Apollo Hospitals also entered into an agreement to set up a hospital in Hainan province while T-Hub signed an agreement to encourage startups, the release said.
Welcoming the high-level delegation, K T Rama Rao (KTR) Telangana Minister for IT and Industries said the agreement between Hainan and the state would pave the way for increased cooperation between the two states in the fields of IT and life science sector.