2,000 IT professionals to get Hainan Tech Park opportunities, India-China dialogue agrees

This document records the agreed minutes of the 4th India-China Strategic Economic Dialogue held in Delhi on October 7, 2016, where both nations committed to enhancing bilateral cooperation in areas such as manufacturing, infrastructure, high-tech, and energy to promote mutual economic growth.

Who it concerns: The agreement involves the Government of India (led by NITI Aayog) and the Government of China (led by the National Development and Reform Commission). It specifically affects Indian States (Gujarat, Telangana, Karnataka, Andhra Pradesh, Delhi Mumbai Industrial Corridor), Chinese local governments (Guiyang, Shenzhen, Hainan, Guizhou), and sectors including railways, IT/software, renewable energy, waste management, and manufacturing.

What was agreed

• Signing of a Statement of Principles on Manufacturing and Industrial Capacity between NDRC (China) and NITI Aayog (India).
• Agreement to push forward the feasibility study for the Delhi-Nagpur high-speed railway and construction of the Delhi-Chennai high-speed railway.
• Delivery of the interim final feasibility study report for the Chennai-Bangalore-Mysore railway upgradation project.
• Agreement to hold 8 training courses (320 participants) in high-speed railway fields between China Southwest Jiaotong University and India's Ministry of Railways.
• Establishment of an Action Plan on 'Digital India' and 'Internet Plus' between India's Ministry of Electronics and Information Technology and China's NDRC.
• Creation of a China-India Technology Park in Hainan Province, creating opportunities for approximately 2,000 highly skilled Indian IT professionals.
• Agreement to cooperate on renewable energy promotion, specifically in wind and solar manufacturing and generation, and to speed up solar cell/module manufacturing in India.
• Proposal for Chinese investors to participate in large solar park projects in cooperation with the Solar Energy Corporation of India (SECI).
• Commitment to explore cooperation in waste-to-energy plants, desalination technology, and low-cost construction material technology transfer.

Also in the document

• A specific target of creating opportunities for about 2,000 highly skilled Indian IT professionals via the Hainan Technology Park.
• China reported having more than 300 waste-to-energy plants, which serves as the basis for proposed technology transfer to India.
• India offered investment opportunities in renewable energy through equity support, hedging cost offsetting, and masala bonds.
• The dialogue marked the first active participation of Indian States in the Working Group on Policy Coordination.