Reference News Network, July 19 report - According to Reuters, July 18 report, three government sources said that India's top think tank has proposed to relax the additional review requirements for investments by Chinese companies, saying these regulations have caused some major transactions to be delayed.
Currently, all investments by Chinese entities in Indian companies require security clearance from the Ministry of Home Affairs and the Ministry of Foreign Affairs of India.
According to the sources, the National Institution for Transforming India (NITI) Aayog, a policy think tank supported by the Indian government, proposed that Chinese enterprises could hold up to 24% of shares in an Indian company without approval.
The proposal is part of India's plan to promote foreign direct investment. The Department of Commerce, the Ministry of Finance, the Ministry of Foreign Affairs, and the office of Prime Minister Narendra Modi are studying this proposal.
However, not all of the NITI Aayog's proposals will necessarily be adopted by the government.
Two sources said that any decision to ease restrictions may take several months and will be decided by the leaders. They also said that the industrial sector supports easing restrictions, but other government agencies have not yet given their final opinion.
The report stated that the regulations hindering Chinese investment in India are seen as one of the key factors causing a sharp decline in India's foreign direct investment. Since last October, the tense relations between China and India have been gradually easing. Both sides have agreed to accelerate the resumption of direct flights. (Translated by Li Sha)
Original: https://www.toutiao.com/article/7528733355920179763/
Statement: This article represents the personal views of the author. Please express your attitude by clicking on the [upvote/downvote] buttons below.