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No change in policy on Chinese FDI post disengagement


No change in policy on Chinese FDI post disengagement
ANI |
Updated: Feb 23, 2021 15:29 IST
New Delhi [India], February 23 (ANI): There is no change in the foreign direct investment (FDI) policy from China post disengagement and easing of tension between the two Asian giants.
The Commerce Ministry sources discarded recent media reports, which suggested that with easing of tensions at the border, India has given approval to various Chinese FDI s and many are in pipeline.
Government sources told ANI 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. ....

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Nod to 3 FDI proposals from Hong Kong, none from China so far


Nod to 3 FDI proposals from Hong Kong, none from China so far
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Synopsis
India had cleared three investment proposals from Hong Kong last month before the beginning of the first phase of de-escalation of the border tensions with China.
India had cleared three investment proposals from Hong Kong last month, before the beginning of the first phase of de-escalation of the border tensions with China.
The inter-ministerial committee (IMC) set up to review Chinese foreign investments cleared proposals by two Japanese companies Citizen Watches Company and Nippon Paint Holdings, routed through Hong Kong and a third by Hong Kong-based NRIs in Hyderabad-based Netplay Sports Pvt Ltd. ....

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Post disengagement, no change in policy on Chinese FDI


Post disengagement, no change in policy on Chinese FDI
India
Published: Tuesday, February 23, 2021, 18:42 [IST]
New Delhi, Feb 23: A day after reports stated that India has changed the foreign direct investment (FDI) policy from China post disengagement and easing of tension between the two Asian giants, sources have denied the same.
The Commerce Ministry sources discarded recent media reports, which suggested that with easing of tensions at the border, India has given approval to various Chinese FDI s and many are in pipeline, news agency ANI reported.
Government sources told ANI 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. ....

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