Four deals signed on last day of Patil’s China visit

Shanghai, May 31 (IANS) Four commercial deals, including by IT majors Wipro and Infosys, were signed at India-China business forum here Friday on the last day of President Pratibha Patil’s six-day official visit to China.

Patil addressed the gathering of Indian and Chinese businessmen here and witnessed the signing of one academic and three commercial deals.

The first memorandum of understanding (MoU) was to set up an annual visiting chair in humanities and social sciences at Fudan University in Shanghai. It was signed by India’s Ambassador S. Jaishankar on behalf of Indian Council for Cultural Relations and Fudan University president Yuliang Yang.

The agreement was for Fudan university to host a visiting professor during a four-month semester of each academic year. The MoU will be effective from March 2011.

The world’s largest independent manufacturer of hydraulic cylinders, Wipro Infrastructure Engineering, signed a deal to set up its first factory in the southern Chinese city of Changzhou. Later, a research and development centre will also be established.

The Indian IT major Infosys plans to construct a Infosys China Education Centre in Jiaxing city, which will train 1,000 fresh engineering graduates and conduct soft skills and leadership training programs.

‘The Jiaxing municipal government is of the view that the establishment the educational centre by Infosys would be a major step forward for achieving that Goa’,’ said a press note on the deal.

A subsidiary of the GMR group, GMR Kamalanga Energy Ltd, inked a contract with Shandong Electric Power Construction Corp to become the turnkey contractor for its 1,050 megawatt coal-based thermal power project in Orissa.