20 JUNE 2017AlCircle.com
Adani Group inks MoU with East Hope Group to set up manufacturing units
Edited by : Heena Iqbal
1 min read
<p>According to a statement by the Indian Consulate in Shanghai, Adani Group inked a memorandum of understanding (MoU) with East Hope Group, one of China’s largest private companies, to build manufacturing units in Mundra special economic zone in Gujarat.</p>
<p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/AdaniEnterprise-kjUH--621x414@LiveMint.jpg" alt="news" width="448" height="300" /></p>
<p>East Hope Group will invest $300 million in setting up the manufacturing units. The manufacturing units would produce solar power generation equipment, chemicals, aluminium and animal feed. </p>
<p>It will also put in place East Hope Group’s engineering and industrial integration chain to recycle and economise the product cost at Mundra SEZ, as reported by PTI.</p>
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<p>The MoU is proposed to convert into a definitive agreement within a period of 6 months, as reported.</p>
<p>East Hope, the Chinese counterpart signing the MoU, is a renminbi 70 billion group, and is one of the largest corporate houses in China. The company has a business interests in aluminium, polysilicon, power and animal feed</p>
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