India plans to crack down on Chinese companies trying to bypass a 2020 government policy that requires its prior approval for investments from countries that share land borders with India by forging ties with Indian shell companies to access subsidies, especially in the rapidly growing electric vehicle market, two people familiar with the development said.
The Department for Promotion of Industry and Internal Trade (DPIIT) is scrutinizing Chinese automobile companies having ties with suspected Indian proxy partners but lacking strategic plans for building capabilities in the country.
Diese Geschichte stammt aus der May 12, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 12, 2023-Ausgabe von Mint Mumbai.
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