China's Rs 12,000 crore investment proposals are awaiting government approval

New delhi date. 16. Saturday, January, 2021

Amid ongoing border clashes with China, India has made changes to its foreign investment rules, especially with China in mind.

According to an English newspaper report, the government is currently receiving Rs 12,000 crore worth of capital investment proposals from the government. However, the government does not want to rush.

Most of these proposals are aimed at increasing the investment already made. Chinese investors have invested heavily in some of the country's largest startups, such as Paytm and Zomato, and want to invest more in them. However, this is not possible without government approval. Apart from this, proposals for the power, telecom, electronics and finance sectors are also awaiting approval from the government.

China has also raised the issue of reluctance by the Indian government with the World Trade Organization (WTO). The government made changes in April to curb Chinese companies. The government then changed the rules to curb China's growing dominance. Now India's neighbors, including China, can only invest after government approval.