China to invest 20 billion dollars in India


(MENAFN- Saudi Press Agency) China Thursday said it would invest 20 billion
dollars in India, dpa reported.

Chinese President Xi Jinping held talks with Premier Narendra Modi in
New Delhi after which 12 pacts including a 5-year economic and trade
plan as well as cooperation in the areas of space, railways and
culture were signed.

China would invest 20 billion dollars in the infrastructure and
manufacturing sectors in the next five years, Modi said alongside Xi
after the talks.

The Chinese leader said Beijing would build two industrial parks and
develop India's rail network.


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