India reviewing around 50 investment proposals from Chinese firms: sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

India is like a clown now...

A Korean underground band. They sing a song-an Eng. old pop.- 'The young ones' having kimchi soup n soju -Korean alchol. Have a fun..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines