More than 1,600 Indian firms rep got international disclose investments value $1 billion from China in the end of the April 2016 to March 2020 duration, in accordance with government recordsdata.
The guidelines became as soon as supplied in a written acknowledge to the Rajya Sabha on Tuesday to a achieve a question to on whether it is a undeniable reality that chunky scale investments were made by Chinese language companies in Indian firms, specially the originate up-ups.
Over 1,600 firms got $1,020.25 million ($1.02 billion) International Say Investment (FDI) equity inflows from China for the April 2016 to March 2020 duration, as per the recordsdata.
These firms were in 46 sectors. Out of them, the auto trade, printing of books (at the side of litho printing trade), electronics, products and companies and electrical equipment got larger than $100 million FDI every from China in the end of the said duration.
The auto trade got the maximum FDI from China at $172 million. The products and companies sector attracted such funds value $139.65 million, the recordsdata showed.
Within the written acknowledge, Minister of Divulge for Corporate Affairs Anurag Singh Thakur said the company affairs ministry doesn’t defend recordsdata concerning the funding made by Chinese language companies.
He said the Ministry of Commerce & Industry has instructed that FDI Files Cell compiles and maintains the recordsdata of FDI reported thru equity inflow within the country.
The related recordsdata for the April 2016 to March 2020 duration became as soon as supplied alongside with the written acknowledge.
Indian and Chinese language troops are engaged in a standoff alongside the Line of Staunch Regulate (LAC) in eastern Ladakh.(Only the headline and picture of this file might well moreover were transformed by the Change Usual crew; the the rest of the order is auto-generated from a syndicated feed.)