Proposal for the Bangladesh, China, India and Myanmar Economic Corridor discussed
Key highlights of Prime Minister Narendra Modi and China President Xi Jinping two-day meeting are as follows:* Discussed the full range of issues in India-China relationship, including political and security issues, economic relations and people-to-people contacts.
* To deepen India-China engagements at all levels and hold regular summit level meetings.
* Seek Chinese partnership in improving market access and investment opportunities for Indian companies in China.
* Invited Chinese investments in India's infrastructure and manufacturing sectors.
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* Agreements on two Chinese industrial parks in India and a commitment to realize about US$ 20 billion of Chinese investments in the next five years.
* Agreed on specific steps to enhance cooperation in upgrading India's railways sector.
* To begin the process of discussions on civil nuclear energy cooperation that will bolster India-China broader cooperation on energy security.
* Five-year economic and trade development plan as an important new step to pursue higher ambitions in India-China economic relations.
* Agreements and announcements today demonstrate that people-to-people contacts, culture, tourism and art are central to our efforts to strengthen our partnership.
* Opening a new route through Nathu-La to Kailash Mansarovar, making Kailash Mansarovar accessible by a motorable road shortening travel duration.
* Agreed that peace and tranquility in the border region constitutes an essential foundation for mutual trust and confidence and for realizing the full potential of our relationship.
* Suggested that clarification of Line of Actual Control (LAC) would greatly contribute to our efforts to maintain peace and tranquility and requested President Xi to resume the stalled process of clarifying the LAC.
* Discussed India's concerns relating to China's visa policy and Trans Border Rivers.
* Discussed regional connectivity and the proposal for the Bangladesh, China, India and Myanmar Economic Corridor.
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