India To Ok 45 China Investments Including Great Wall Motors: Report
India To Ok 45 China Investments Including Great Wall Motors: Report
About 150 investment proposals from China worth more than $2 billion were stuck in the pipeline.
Updated: February 22, 2021 3:41 pm IST
Models pose next to Great Wall Motors GWM R1 electric car at its pavilion at the India Auto Expo 2020.
New Delhi:
India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor and SAIC Motor Corp, government and industry sources told Reuters, as military tensions ease at the border.
The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against Chinese troop incursions in the western Himalayan region. China blamed Indian troops for the standoff.