India and China have signed 11 pacts on Monday for further deepening of trade and economic cooperation between the two countries. Four MOU's were inked in public sector and seven agreements in the private sector involving 5.2 billion US dollars. Briefing newsmen on the 2nd Indo-China Strategic Economic Dialogue in New Delhi, Deputy Chairman Planning Commission, Montek Singh Ahluwalia said, both countries have also agreed to address the trade imbalance between the two countries. MoUs were signed in areas of improving energy efficiency, technical cooperation in Railways, Cooperation in Information Technology and joint studies between Planning commission and the Chineese Reform commission.

Mr. Montek said that the agreements were signed for 2500 MW renewable energy project worth 3 US billion dollars investment between Reliance Energy and Guangdong Mingyang Wind Power with project financing from China Development Bank. Other agreements include Lanco group's, 600 US million dollars Anpara Phase II 4 X660 MW power project, USD 800 million deal between NIIT and Hainan province for Knowledge park, 384 US million dollars joint venture Waste to energy projects on Build Operate Transfer basis in New Delhi, Mumbai, Hyderabad and Chennai.

Mr. Montek Singh said that India had invited investments and now Chinese companies are responding well. He said that the turn over was less than 3 billion US dollars in 2000 and it has gone up to 74 billion dollars last year.