China may outwit Japan from India with billion of dollars

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  • China, which is believed to be cash rich, may outwit rival Japan with a pledge to invest billion dollars in India
  • The whole deal is expected to be pitched during Xi Jinping's visit next week
  • Xi will be visiting India on September 17
  • With growing outbound direct investment, China is likely to surpass Japan's commitment of $35 billion investment in India
  • China will be pitching India to handover some railway corridors to upgrade them with high speed tracks
  • Average speed of trains is likely to increase upto 180 km per hour from 160 km per hour
  • During Xi's visit, China is set to announce two industrial parks, one
  • each in Gujarat and Maharastra to begin a host of manufacturing
  • and energy units.