PM Modi, who is on his first visit to China, held talks with the Chinese Prime Minister Li Keqiang in Beijing on Friday, May 15, 2015. Soon after the talks, India and China signed about 24 agreements, which amounted to more than $10-billion.
Both the countries have agreed to work together in order to boost vocational education and skill development. A deal was signed to set up consulates in Chengdu and Chennai. The railway sector will also benefit, as both the countries have agreed upon an action plan between the Indian Railways and China's National Railway Administration.
The list also included some MoUs (Memorandum of Understanding) that were signed on education exchange programme, and cooperation in earthquake science and engineering. India’s Doordarshan and China’s CCTV have also entered into a broadcasting agreement, thereby strengthening the media ties between the countries.
The deals were signed in the presence of PM Modi and his Chinese counterpart- Li Keqiang. Stressing on the importance of maintaining a friendly relation with the neighboring country, PM Modi said, “We have a historic responsibility to turn this relationship into a source of strength for each other and a source of good for the world.”