Updated: May 13, 2015 1:15:21 am
On her first foreign trip, Gujarat CM Anandiben Patel, who will be part of PM Narendra Modi’s delegation in China from May 14, is expected to focus her itinerary on Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. Taking Modi’s dream project forward, she will woo financial institutions to be a part of GIFT City, also being planned as a financial hub.
Hong Kong, the financial hub of China, is high on her itinerary, where she and her team will go for the GIFT city hard sell, along with another smart city Dholera. Modi, who twice visited China as chief minister, had conceptualised and developed GIFT, with proposed 110 smart towers, along the lines of Shanghai.
To scale up the economic ties, started by Modi during his previous visits, in various developing sectors, with focus on hard-selling smart cities like GIFT, industrial parks and medium and small-scale industries, along with renewable energy, Patel’s itinerary will include five cities, from capital Beijing to south-eastern financial hub Hong Kong.
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Apart from working further on three MoUs signed in September 2014 when Patel, led by Modi, had played host to Chinese delegation, led by President Xi Jinping, the Industrial Extension Bureau (iNDEXTb) has arranged interactive sessions with various financial institutions in Hong Kong and Shenzhen to attract investments for GIFT. Besides, Shanghai Entrepreneurs Association is likely to make a proposal to Gujarat government on building a Chinese Township near Sanand, the automobile hub, in Ahmedabad district.
Along with top bureaucrats, including Chief Secretary D J Pandian, Additional Chief Secretary (Industries) Arvind Agrawal and Principal Secretary to the CM, S Aparna and top 20 industrialists from Gujarat, will be landing in Beijing on May 14, a day before Modi will be arriving in Chinese capital from Xi’an. Adani group chairman Gautam Adani and Zydus Cadila group chairman and managing director Pankaj Patel will be part of PM Narendra Modi’s delegation while representatives from Nirma, Cadila and Reliance Industries are among part of the CM’s delegation.
“Gujarat delegation will be part of Modi’s retinue in Beijing. While PM would move to Shanghai, the Gujarat delegation will proceed to Guangzhou, Guangdong, Shenzhen and Hong Kong, before returning on May 20,” said a top official. “In Shenzhen and Hong Kong, we are looking forward to interactive sessions with various financial institutions,” said GIFT MD and CEO Ramakant Jha. “Later, it will be followed up for the investment,” he added. The sources in the CMO maintained that interactive sessions will have presentation on GIFT and also on Dholera, but so far details of any possible MoUs for the smart cities have not been finalised. In September 2014, three MoUs were signed. They included an MoU to establish “sister province” relations between Guangdong in China and Gujarat. The other two included: an MoU between the cities of Guangzhou in China and Ahmedabad for closer cooperation between the local authorities of the two cities and the one between iNDEXTb and China Development Bank, under which iNDEXTb will assist Chinese investors in obtaining clearances and creating infrastructure in industrial parks.
“MoUs signed between Guangzhou and Ahmedabad will get a concrete roadmap when the AMC takes technological help for waste management and converts them into gas,” said a source. “Besides, the fine prints on specific locations of Chinese companies coming to the industrial park in Gujarat will be chalked out,” the source added.
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