<p>Ahead of the visit of Vice-President Hamid Ansari to Beijing, the government on Wednesday gave an in-principle approval for a memorandum of understanding (MoU) between India and China for setting up industrial parks in the country.<br /><br /></p>.<p>The details of the agreement will be available only after the signing of the memorandum, Law and Telecom Minister Ravi Shankar Prasad said after a meeting of the Cabinet headed by Prime Minister Narendra Modi. “Cabinet on Wednesday has approved in-principle an MoU with China with regard to establishment of industrial parks. The details and the contours of the MoU would be given once it is signed,” he said.<br /><br />Sources said during discussions on setting up of the industrial parks by China, sites in Uttar Pradesh, Haryana and Karnataka were identified but security concerns stalled their finalisation.<br /><br />On a visit to celebrate 60th year of Panchsheel, which once formed the bedrock of Sino-India ties, Vice President Hamid Ansari will begin his five-day journey to China on Thursday. </p>
<p>Ahead of the visit of Vice-President Hamid Ansari to Beijing, the government on Wednesday gave an in-principle approval for a memorandum of understanding (MoU) between India and China for setting up industrial parks in the country.<br /><br /></p>.<p>The details of the agreement will be available only after the signing of the memorandum, Law and Telecom Minister Ravi Shankar Prasad said after a meeting of the Cabinet headed by Prime Minister Narendra Modi. “Cabinet on Wednesday has approved in-principle an MoU with China with regard to establishment of industrial parks. The details and the contours of the MoU would be given once it is signed,” he said.<br /><br />Sources said during discussions on setting up of the industrial parks by China, sites in Uttar Pradesh, Haryana and Karnataka were identified but security concerns stalled their finalisation.<br /><br />On a visit to celebrate 60th year of Panchsheel, which once formed the bedrock of Sino-India ties, Vice President Hamid Ansari will begin his five-day journey to China on Thursday. </p>