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Sep 04, 2014, 08.44 PM IST | 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.

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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