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L Inde autorise 45 projets chinois, Great Wall/SAIC inclus ?
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India set to clear 45 investments from China: Non-sensitive sectors to get faster approval
India
Published: Tuesday, February 23, 2021, 8:25 [IST]
New Delhi, Feb 23: India is set to clear 45 investments from China. This would also include those from the Great Wall Motor and SAIC Motor Corp.
The development comes as the military tensions between the two countries ease out with the disengagement being complete at the north and south banks of Pangong Tso.
The proposals have been held up since last year after the Indian government tightened controls on the Chinese investment in retaliation against the troop intrusion along the Line of Actual Control in Eastern Ladakh.
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.
Synopsis
About 150 investment proposals from China worth more than $2 billion were stuck in the pipeline. Companies from Japan and the US routing investment through Hong Kong were also caught in the cross-fire as an inter-ministerial panel led by the home ministry increased scrutiny of such proposals.
Getty Images
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 between the two countries ease at the disputed border.
The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against alleged Chinese troop incursions in the western Himalayan region. China blamed Indian troops for the standoff.
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