Eleven Indian companies, including the law firm AKS Associates, signed new memoranda of understanding (MoUs) in June that could see them set up offices in China.
The law firm was part of a 35-member delegation that visited China and agreed to a total investment of US$5 billion.
The agreements were signed under the aegis of the Associated Chamber of Commerce and Industry (ASOCHAM) and its Chinese counterpart, the China Council for Promotion of International Trade (CCPIT).
Other companies involved in the investment were Videocon Industries, which signed an MoU to set up a $1.5 billion liquid crystal display unit in Shenzhen; ZTE Telecom India and Spice Communications, both of which signed MoUs to set up telecom manufacturing units in Shenzhen; Maharashtra Industrial Development Corporation; Rajasthan Industries Development Corporation; Unity Power; Adfactors; International Certification and Cosmos.
