The Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters.
FILE PHOTO: People wearing protective masks cross a bridge at the Central Business District on a “blue sky day" in Beijing, as the spread of the novel coronavirus disease continues, in China April 22, 2020. REUTERS/Thomas Peter
“Various clearances are required. We are being a bit more cautious as one would imagine,” said a senior Indian government official in New Delhi, when asked about the impact on investment applications since the border clash. The official, and two other sources, said about 40-50 applications involving funding from a Chinese investor have been filed since the rule change and are currently under review.
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