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- Dubai 04:26 05:44 12:20 15:47 18:50 20:08
India's Prime Minister Narendra Modi (centre L) and Chinese Premier Li Keqiang (centre R) watch a taiji and yoga event during a visit to the Temple of Heaven park in Beijing on May 15, 2015. Modi is on a three-day visit to China. (AFP)
China and India signed deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday.
Namgya C. Khampa, of the Indian Embassy in Beijing, made the remarks at the end of a three-day visit by Indian Prime Minister Narendra Modi, during which he sought to boost economic ties and quell anxiety over a border dispute between the neighbours.
"The agreements have a bilateral commercial engagement in sectors like renewable energy, industrial parks, power, steel, logistics finance and media and entertainment," Khampa said.
China is interested in more opportunities in India's $2 trillion economy.
During a visit to India last year by Chinese President Xi Jinping, China announced $20 billion in investments over five years, including setting up two industrial parks.
Since then, progress has been slow, in part because of the difficulties Modi has had in getting political approval for easier land acquisition laws.
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