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Posted on Nov 23, 06:03PM | UNI
In a major development initiative, China and India -- the two major ecnomies of Asia -- are coming closer to each other, it was announced today.
A strong contingent of 200 officials and business heads, led by influential Mr Zhang Ping, chairman of National Development and Reforms Commission, China, is coming to New Delhi.
After names of the new leadership were unveiled in China, the country is sending a huge business delegation along with officials of National Development and Reform Commission (NDRC), the counterpart of India's Planning Commission, to New Delhi.
The delegation would sign two official memoranda of understanding, an agreement related to IT sector and business-to business agreements on Monday, Planning Commission member secretary Sindhushree Khullar told reporters here.
The official MoUs, cleared by India's Cabinet yesterday, would be between the Planning Commission and its Chinese counterpart on planning and policy coordination and another on sharing the technology and experience in energy efficiency measures.
Nasscom and its Chinese counterpart will also sign an MoU on the IT sector.