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Govt. reviewing 50 investment proposals from Chinese firms:
News:
- According to some sources, Centre is reviewing about 50 investment proposals involving Chinese companies under a new screening policy.
- Chinese companies’ existing and planned investments in India stand at more than $26 billion.
New Rules in April 2020:
- All investments by entities based in neighbouring countries need to be approved by the Government, whether for new or additional funding.
- The new investment rules were aimed at curbing opportunistic takeovers during the COVID-19 outbreak.
- China is the biggest of these investors and Chinese investors and Beijing called the policy discriminatory.