Bloomberg quoted people familiar with the matter and revealed that India is considering relaxation of restrictions on investment in some Chinese.
Comprehensive Reuters and Bloomberg reported that investors from land border countries with India need to invest in Indian companies and need to be approved by the government, which means that they cannot conduct Indian companies through so -called automatic ways to conduct Indian companies.Financing.
People who are not known are revealed that Indian Prime Minister Modi is reviewing all investment plans from companies with land border countries with India, or investment plans from investors from these countries.At present, the government is considering exemption from an investment plan with actual ownership of less than 10%, which means that investors may come from neighboring countries, but only hold a small amount of shares of companies that are proposed to invest.
People familiar with the matter said that nearly $ 6 billion (about S $ 8.1 billion) investment plans have passed the cards in complicated approval procedures, so this proposal to relax investment restrictions was officially considered.People familiar with the matter added that the proposal will be passed next month.
Since June 2020, the Sino -Indian soldiers fighting in the Ladakh region (Ladakh) in the western section of the China -India border, causing the relationship between the two countries to deteriorate sharply since the death of at least 20 Indian soldiers.Subsequently, the Indian government tried to restrict China's investment in its sensitive companies and industries, including prohibiting a series of Chinese mobile applications and additional review of the import of Chinese goods.
Reported that relaxing investment restrictions will expand potential investor groups and provide Indian companies with the required funds.As of November last year, more than 100 investment plans were still waiting for the Indian government for approval, of which about a quarter of the plans exceeded $ 10 million per amount.
