China’s Baoding Tianwei Baobian Electric Co. (TWBB), a leading manufacturer of electrical equipment, has finalised its plans to invest Rs400 crore for setting up a high voltage transformer and reactor plant in Gujarat. The development comes within a month of chief minister Narendra Modi’s visit to the neighbouring country.

TWBB representatives signed a Memorandum of Understanding (MoU) with Anand-based Atlanta Transformers & Electricals in the presence of the chief minister and senior government officials in Gandhinagar on Thursday.