Chinese Investment proposal scanned

India’s industries department under the commerce ministry, which drafted the new policy.

India is reviewing around 50 investment proposals involving Chinese companies under its new FDI screening policy. “We are being a bit more cautious,” one Indian official said about the impact on applications since the border clash.

The Scrutiny part of norms to curb opportunistic takeovers amid COVID-19 crisis.

Under fresh rules announced by India in April, all investments by entities based in neighbouring countries need to be approved by the Indian government, whether for new or additional funding.

China is the biggest of these investors and the rules drew criticism from Chinese investors and Beijing, which called the policy discriminatory.

Published by Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: