new delhi setting political tensions aside india and china on monday signed agreements worth billions of dollars to give further boost to commercial ties between the worlds two emerging economies both countries entered into 11 mous entailing investment of 52 billion in infrastructure power steel clean energy and other sectors during the second indiachina strategic economic dialogue sed the agreements included a plan to develop 2500 mw renewable energy projects envisaging an investment of 3 billion by reliance power and chinas ming yang wind power group with project financing from china development bank lanco infratech signed a pact with china development bank for 600 billion financing for its anpara phase ii 4 x 660 mw power projects niit signed 800 million deal with province of hainan for setting up of an it technology park in hainan at the governmenttogovernment level both the countries agreed to cooperate in areas such as highspeed trains modernization of railway stations in the field of energy efficiency and it sector arguing that economic cooperation and commercial engagement has huge potential deputy chairman of the planning commission montek singh ahluwalia said the two countries should overcome information deficit in economic fields and seek cooperation in sectors such as waterrecycling digital science and microirrigation ahluwalia led the indian side and the chinese delegation was led by zhang ping chairman of chinas national development and reform commission ndrc both sides discussed on a widerange of issues including sharing of developmental experiences looming trade deficit and greater cooperation in host of areas including infrastructure both sides agreed to enhance transportation links encourage greater bilateral investments and work towards achieving a more balanced and sustainable bilateral trade it is only through larger mutual investments that we can take the economic cooperation to a higher level ahluwalia said the message that we are getting from them is that they would like to see deepening of cooperation said the plan panel deputy chief after the meeting he said the large chinese delegation which had 180 members indicated their seriousness in strengthening ties there is great deal of business interest in business collaboration from both sides he said both the countries are at loggerheads over a widerange of issues including boundary dispute but are major trading partners the volume of current bilateral trade is estimated at 75 billion and plans are afoot to raise it to 100 billion by 2015 ahluwalia said the latest row between the countries over a map issued by beijing on its new passports did not figure in the talks he also denied of any chinaspecific security concerns security is relevant not only vis vis china it is not specific general security precautions are being taken he added