NEW DELHI: India and China have agreed to cooperate on sourcing energy from international markets, construction of high-speed railway and development of coastal manufacturing zones as the two fastest growing economies look to boost growth.
The 4th India-China Strategic Economic Dialogue on October 7 agreed on a number of initiatives for mutually beneficial growth.
The Indian side at the dialogue was led by Arvind Panagariya, Vice-Chairman of National Institution for Transforming India and the Chinese side was led by Xu Shaoshi, Chairman of National Development and Reform Commission.
According to the minutes of the meeting released today, the two sides called “for a joint strategy to meet the rising energy demand through appropriate policy measures and efforts in the international energy markets.”
They also agreed to adopt new theme of closer cooperation on coastal manufacturing zone development by encouraging projects in areas like infrastructure, automobile, energy and electronics in next one year.
The two nations “agreed to push forward the feasibility study on Delhi-Nagpurhigh-speed railway and construction of Delhi-Chennai high-speed railway,” it said. (AGENCIES)
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