Modi Govt May Ease Curbs On Some Chinese Investments
The Free Press Journal|July 25, 2024
Plan marks a first step in improving economic ties between the 2 neighbours
Modi Govt May Ease Curbs On Some Chinese Investments

India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said, Reuters reported.

In 2020, India tightened scrutiny on investments from companies based in China due to military tensions in the remote Himalayan border.

The government plans to free up sectors to Chinese investment that it deems less sensitive from a security point of view, said one of the officials, who did not want to named.

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