GANDHINAGAR: The China Association of

(CASME) has inked an MoU with the Gujarat government’s SPV,

Industrial City Development Limited to set up a China Industrial Park at the Dholera Special Investment Region (SIR).

The MoU will attract Rs 10,500-crore in investments by Chinese SME units in pollution-free high tech areas and provide 15,000 direct and indirect jobs.

The MoU was signed between CASME Investment Management Group vice-president, Vendong Chi, and Gujarat’s principal secretary, industries, M K Das. The agreement is a follow-up action on Chinese president Xi Jinping’s visit to Gujarat in 2014, and a high-level visit from Gujarat to China in 2015. CM Rupani said the MoU will bring sizeable FDI and the companies will set up units by 2022.