No change in policy on Chinese FDI
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New Delhi, Feb. 24 -- The Commerce Ministry sources have strongly denied the recent reports suggesting with easing of tensions at the border, India has given approval to various Chinese FDI's and many are in pipeline.
Government sources have informed to agencies that there is no change or easing in FDIs from China as of now and nor it is planned in near future. All investments from China have to follow the procedures and government clearance route, nod will only be given to those investments that bear no implications on Indian security interests. Any Chinese company that potentially impinges on India's security will not be cleared.
Ever since the Galwan clash at the eastern border, India has tightened screws on Chinese investment inflow...
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