The Straits Times
Published on Nov 26, 2012

India, China firms sign deals despite political tensions


NEW DELHI (AFP) - Indian and Chinese companies signed agreements on Monday worth billions of dollars as the two emerging market giants sought to broaden commercial ties despite political tensions.

The deals inked in New Delhi during the countries' second strategic economic dialogue included plans for investments in clean energy, infrastructure, electric power, steel and other projects.

"We must aim at a magnitude and intensity of (economic) engagement appropriate for the world's two most populous nations," said Mr Montek Singh Ahluwalia, one of India's most powerful government figures who led the Indian side at the talks.

"It is only through larger mutual investments that we can take the India-China economic cooperation to a higher level," Mr Ahluwalia, deputy chairman of India's economic planning commission, told reporters.