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"As long as human rights are violated, there can be no foundation for peace. How can peace grow where speaking the truth is itself a crime?"

India seeks road-building investment from China

September 21, 2010

Tibetan Review
September 18, 2010

India and China are to work towards signing a memorandum of
understanding to enable the latter to invest in roads building
projects in the former. An undertaking on it was reached in a meeting
between India's Road Transport and Highways Minister Kamal Nath and
his Chinese counterpart Li Shenglin at Beijing, reported IANS news
service Sep 16, citing an official release.

Mr Kamal Nath was leading a high level business delegation of Indian
companies to China.

He was reported to have told the Chinese that India planned to build
7,000 km of roads each year for the next few years, providing huge
opportunities to Chinese construction companies and financial
institutions to enhance their engagement in the sector.

The Indian minister was reported to have met with the chiefs of
various financial institutions in China, including China Investment
Corporation's (CIC) chairman Lou Jiwei and National Social Security
Fund's (NSSF) chairman Dai Xianglong, each controlling funds worth
US$200 billion and 776 billion yuan, respectively.

The NSSF chief was reported to have mooted the idea of setting up an
India-China Highways Investment Forum for investors, developers and
construction companies. The forum would provide a platform for the
policy makers, financial experts and the business leaders to work
closely towards enhancing project-specific investment flows for
mutual benefit, Dai was cited as saying in the release.
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