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China may invest in power projects in India
NEW DELHI: Chinese government has informed a visiting Indian delegation that the country is keen to invest in hydro-electricity projects in India.
Chinese Commerce Minister Chan Deming told India's Commerce Minister Kamal Nath that their government was extremely keen on investing in hydro-electricity projects in India.
Indian government officials have taken this initiative from China as an effort to establish Chinese commercial presence in the disputed Arunachal Pradesh, known for its awesome and untapped potential of hydro-electricity, apart from other places in the country.
"The Chinese minister said they are willing to invest in hydro-electric projects in India. He said there is great potential for partnership in this sector between the two countries," Nath told reporters after his meeting with Chinese Commerce Minister Chan Deming.
"He said the Chinese government wants to invest in clean energy sources like hydroelectricity" Nath said.
The Chinese minister did not spell out Arunachal Pradesh as a possible location for investment. But this purpose may seem obvious as the state, which China claims to be part of its territory, has the biggest potential for hydroelectricity generation in India. The Chinese request is difficult for India to concede unless Beijing is interested in investing in other parts of the country.
Chan said China was keen to conclude a regional trade agreement with India. "I told them we will consider this matter", Nath said.
NEW DELHI: Chinese government has informed a visiting Indian delegation that the country is keen to invest in hydro-electricity projects in India.
Chinese Commerce Minister Chan Deming told India's Commerce Minister Kamal Nath that their government was extremely keen on investing in hydro-electricity projects in India.
Indian government officials have taken this initiative from China as an effort to establish Chinese commercial presence in the disputed Arunachal Pradesh, known for its awesome and untapped potential of hydro-electricity, apart from other places in the country.
"The Chinese minister said they are willing to invest in hydro-electric projects in India. He said there is great potential for partnership in this sector between the two countries," Nath told reporters after his meeting with Chinese Commerce Minister Chan Deming.
"He said the Chinese government wants to invest in clean energy sources like hydroelectricity" Nath said.
The Chinese minister did not spell out Arunachal Pradesh as a possible location for investment. But this purpose may seem obvious as the state, which China claims to be part of its territory, has the biggest potential for hydroelectricity generation in India. The Chinese request is difficult for India to concede unless Beijing is interested in investing in other parts of the country.
Chan said China was keen to conclude a regional trade agreement with India. "I told them we will consider this matter", Nath said.