China’s Wuhan city wants to invest in Kolkata

October 27th, 2010 - 1:23 am ICT by IANS  

Kolkata, Oct 26 (IANS) A delegation from China’s Wuhan city Tuesday evinced interest in investing in the New Town area that is being developed near Rajarhat in Kolkata’s north eastern fringes.

“We are interested in developing a manufacturing hub to produce building materials in the New town area,” said Yang Guocheng, deputy secretary General of Wuhan municipal government and the leader of the visiting delegation.

The delegation signed an agreement of friendship and cooperation with the Bharat Chamber of Commerce to promote trade between Kolkata and Wuhan.

Built on a public-private-partnership model, the New Town commercial-cum-residential township has a large concentration of Information Technology companies.

Capital of Hubei province, Wuhan is the most populous city in central China. Its major industries includes optic-electronic, automobile manufacturing, steel manufacturing, new pharmaceutical sector, biology engineering and environmental protection.

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