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Adani Group has signed an MoU with one of China’s largest private companies for investing USD 300 million in a manufacturing unit of an Indian port.
As per a statement by the Indian Consulate in Shanghai, the memorandum of understanding (MoU) signed between Adani and East Hope Group proposes to set up manufacturing units in Mundra special economic zone in Gujarat to produce solar power generation equipment, chemicals, aluminium and animal feed.
The statement further said that 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.
