Chinese Firms Inks Deal With Adani Group, To Invest $300 Mn In Gujarat

Chinese Firms Inks Deal With Adani Group, To Invest $300 Mn In Gujarat

India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat.

“The MoU signed between the two leading companies from India and China proposes to set up manufacturing units in Mundra SEZ, Gujarat to produce solar power generation equipment, chemicals, aluminum and animal feed, and to put in place East Hope Group’s engineering and industrial integration chain to recycle and economise the product cost at Mundra SEZ,” said a statement. Read more

Credits:www.business-standard.com

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