50 new proposals for investment in India by Chinese companies, the government is reviewing

Beijing, July 7, 2020, Tuesday

Following the ban on the Chinese app, the Indian government is looking at foreign proposals for investment in India involving Chinese companies. The government is reviewing proposals for Chinese companies to invest under the new rules.

A news agency report quoted a senior central government official as saying that a number of clearances were required for investment proposals. However, the government has become more aware of the proposals of Chinese companies. All these are being scrutinized by the government as per the new policy.

It may be mentioned that the government has announced new rules for all types of investments from neighboring countries. In particular, China's investment in India is higher among India's neighbors. China has criticized the new rules and shown a discriminatory attitude.

Many believe that it may take longer for proposals from China to be approved, as government agencies are collecting information from all these companies and many explanations are also being sought from company representatives.