Chinese companies to buy $338m products from India

India on Monday said that the Chinese companies have agreed to buy USD 338 million dollars products from the Indian companies, Commerce Ministry stated. The ministry said the decision to procure Indian products was taken by signing 15 Memorandum of Understandings (MOU's) between Indian and Chinese companies. "The products regarding which procurement MoUs were signed include zinc concentrates and copper concentrates, cotton yarn, frozen fish, linter, cotton and cotton yarn, menthol, castor oil and sugar gum, acrylic tow, Indian granite block and cedrus deodara seed," the ministry stated. The ministry said the procurement deal to sell Indian products to Chinese companies happened at India-China Business Matchmaking Symposium for promoting exports from India to China held today in New Delhi. The high level Chinese companies' delegation is led by Jia Guoyong, Vice Director General of Trade Development Bureau with representatives from 27 national level Chinese companies. Nearly 60 Indian companies from varied sectors attended the Symposium, the ministry said.