China's consul general in Mumbai, Liu Youfa, told the Times of India last week that Chinese investment in the modernization of India's railways could eventually touch $50 billion.
Beijing is looking to invest another $50 billion in building India's ports, roads and a project to link rivers; part of an infrastructure push that PM Modi has said is his top priority to crank up economic growth.Chinese investment will also help narrow a trade deficit with India that hit $31 billion in 2013.Chinese President Xi Jinpingin is coming to India on September 17.
#China keen to invest in India to bridge trade deficit pic.twitter.com/of6Z7j604m
— Press Release Watch (@PrReleaseWatch) September 14, 2014
Beijing is looking to invest another $50 billion in building India's ports, roads and a project to link rivers; part of an infrastructure push that PM Modi has said is his top priority to crank up economic growth.Chinese investment will also help narrow a trade deficit with India that hit $31 billion in 2013.Chinese President Xi Jinpingin is coming to India on September 17.
