On the back of Indian Prime Minister Narendra Modi’s three-day visit to China, the two powers yesterday signed 26 business deals worth more than $22 billion.
According to Shanghai Daily, the Indian Embassy made the remarks yesterday afternoon as Modi prepared to leave China after addressing a large crowd of China-based Indians in Shanghai.
“The agreements have a bilateral commercial engagement in sectors like renewable energy, industrial parks, power, steel, logistics, finance, media and entertainment,” said Namgya C. Khampa of the Indian Embassy in Beijing.
Speaking in Shanghai, Modi reached out to Chinese business leaders: “We are very keen to develop the sectors where China is strong. We need your involvement,” he said. “I believe that this century belongs to Asia.”
Earlier during the Prime Minister’s visit, President Xi Jinping welcomed Modi to his ancestral home of Xi’an, in what was an unprecedented gesture, and boy did the crowds turn out in force to greet him.
Both analysts and the media have spoken highly of the way in which Modi has represented India during his time in China, with some suggesting that this visit will be remembered as a watershed moment for relations between the two countries.
By Dominic Jackson