Weekly Current Affairs

Notice

FOSTERING TIES

  • Cooperation between India and China to set up manufacturing and industrial capacities. 
  • New Delhi to study China’s coastal manufacturing zones, a move that can help India develop its 7,500-km coastline 
  • China-India Technology Park in Hainan province to be established
  • India and China have signed two inter-governmental documents and 18 other documents for cooperation covering a host of issues, including a feasibility study on Delhi-Nagpur high speed railway, construction of Delhi-Chennai high-speed railway and establishment of China-India Technology Park in Hainan Province.
  • Besides, New Delhi is studying China’s coastal manufacturing zones, a move that can help India develop its 7,500-km of coastline and help the country further strengthen its export potential, particularly in labour-intensive industries such as textiles, leather, light and electronic manufacturing.
  • The agreements were signed as part of India-China Strategic Economic Dialogue, which started in 2010.
  • Both the sides agreed that during the course of the next one year, NITI Aayog will foster closer cooperation between Indian states and Chinese cities for establishment of mega coastal economic zones.
  • These zones would be areas where laws and procedures would be relaxed to help set up big manufacturing units.
  • India and China have also agreed to cooperate on redevelopment of stations. Bhubaneshwar in Odisha and Devanahalli near Bengaluru have been identified as being the pilots for the project.
  • An ‘action plan’ on ‘Digital India’ and ‘Internet Plus’ has been signed between the Ministry of Electronic and Information Technology in India and NDRC of China.
  • Under this, both the countries would work to set up a Centre for Excellence in Internet of Things (IoT).
  • IoT is inter-networking of physical devices, vehicles and network connectivity to collect and exchange data