The deal paves the way to end a four-year military stand-off and improve political and business ties between the Asian giants strained since a deadly border clash in 2020 that slowed exchanges of capital, technology and talent. / Photo: Reuters Archive
"I cannot blindly receive foreign direct investment because I want money for investment, forgetful or unmindful of where it is coming from," Nirmala Sitharaman told a Tuesday gathering at the Wharton Business School in the United States. In 2020, India stepped up vetting and security clearances in scrutinising investments from companies based in neighbouring countries but did not mention any nations.
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