Infrastructure leasing & financial services (IL & FS) group has raised $1billion of financial support  from industrial & commercial bank of China (ICBC) for increasing collaboration between the 2 countries.  

IL & FS will develop, implement & operate a 3,960MW coal-based coastal power project in kutch, Gujaral with China Huaneng Grops.

India has signed trade & economic cooperation deals worth $22b with China.