Major Indian firms turn to China for cheaper funds

Reliance Energy, Lanco, and NIIT along with three other Indian companies have joined hands with Chinese companies, banks and financial institutions for investment and project financing of over $8.6 billion. The six companies signed agreements with Chinese institutions during the second meeting of the India-China Strategic Economic Dialogue here on Monday. It is believed that funds from China are slightly cheaper than from India institutions. Secondly, Chinese banks and financial institutions

India China economic, Montek Singh Ahluwalia china, India economic dialogue china, Indian companies china, banks and financial institutions in china