The Vice-Managing Director of China Development Bank Xiao Ming Zhen met Gujarat Chief Minister Anandiben Patel and briefed her about the developments related to the project.
Memorandum of Understanding (MoU) for setting up of Chinese Industrial Park in Gujarat was signed between China Development Bank and Gujarat government in the Vibrant Gujarat Summit 2015.
The bank will invest USD 1 million and develop the park, in which Chinese companies will establish their units, an official release said.
The bank has also taken up steps to lay the foundation stone of the project in the next three months, it added.