120 FDI proposals received from China amid ongoing tensions on eastern Ladakh border

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New Delhi, 22 December 2020 Tuesday

The government has received more than 120 FDI proposals from China during the ongoing tensions on the eastern Ladakh border, with an investment amounting to Rs 12,000 crore since April. In April, the government changed the FDI rules, according to countries bordering India. , Government approval is mandatory for capital investment from those countries, i.e. government approval is required for any FDI proposal coming from China.

According to sources, the government has set up an inter-ministerial committee to look into China's proposals. Most of the FDI proposals from China are for the Brownfield project, which means investing in an existing Indian company. The note said the new rules were aimed at preventing the acquisition of Indian companies in the wake of the Kovid-19 epidemic.

There have been 120-130 FDI proposals from China, with a total investment of Rs 12,000 crore to Rs 13,000 crore. Between April 2000 and September 2020, China's capital investment in India was આવ્યું 2.43 billion (Rs 15,526 crore), sources said. Has applied for registration to fill the tender, these proposals have been sent to the Ministry of Home Affairs.

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