Jinpings visit may pave way for Fotons entry into India

Sources indicate an announcement is likely on a proposed Chinese industrial park related to auto at Chakan, Maharashtra and Foton could be one of the investors.
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Sep 04, 2014, 09.20 PM | Source: CNBC-TV18

Jinping's visit may pave way for Foton's entry into India

Sources indicate an announcement is likely on a proposed Chinese industrial park related to auto at Chakan, Maharashtra and Foton could be one of the investors.

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Jinpings visit may pave way for Fotons entry into India

Sources indicate an announcement is likely on a proposed Chinese industrial park related to auto at Chakan, Maharashtra and Foton could be one of the investors.

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Rituparna Bhuyan (more)

Reporter, CNBC-TV18 |

After Japan, the government is now set to woo China. Sources tell CNBC-TV18 that the government may ink many memorandum of understanding (MoUs) during Chinese President Xi Jinping’s India visit in mid-September.

According to sources, Jinping’s visit may pave way for Chinese truck & bus manufacturing company Foton’s entry into India.

Sources indicate an announcement is likely on a proposed Chinese industrial park related to auto at Chakan, Maharashtra and Foton could be one of the investors.
 
As China is learnt to be interested in India's high-speed rail projects, the government may also ink MoU to upgrade rail tracks for high-speed trains and construction of train passenger terminal.

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