Over 1,600 Indian cos obtained USD 1 billion FDI from China all over Apr 2016-Mar 2020: Govt knowledge

Over 1,600 Indian cos obtained USD 1 billion FDI from China all over Apr 2016-Mar 2020: Govt knowledge

NEW DELHI: Higher than 1,600 Indian corporations have obtained international order investments price USD 1 billion from China all around the April 2016 to March 2020 interval, per govt knowledge.

The info used to be supplied in a written acknowledge to the Rajya Sabha on Tuesday to a seek knowledge from on whether or not it’s a reality that ravishing scale investments have been made by Chinese companies in Indian corporations, namely the launch-ups.

Over 1,600 corporations obtained USD 1,020.25 million (USD 1.02 billion) Abroad Teach Funding (
FDI) equity inflows from China for the April 2016 to March 2020 interval, as per the knowledge.

These corporations had been in 46 sectors. Out of them, the auto commercial, printing of books (including litho printing commercial), electronics, products and services and electrical instruments obtained extra than USD 100 million
FDI every from China all around the stated interval.

The auto commercial obtained the most
FDI from China at USD 172 million. The products and services sector attracted such funds price USD 139.65 million, the knowledge confirmed.

Within the written acknowledge, Minister of Dispute for Corporate Affairs Anurag Singh Thakur stated the corporate affairs ministry would not protect knowledge regarding the funding made by Chinese companies.

He stated the Ministry of Commerce & Commerce has informed that
FDI Data Cell compiles and maintains the knowledge of
FDI reported by equity inflow within the country.

The relevant knowledge for the April 2016 to March 2020 interval used to be supplied alongside with the written acknowledge.

Indian and Chinese troops are engaged in a standoff alongside the Line of True Adjust (LAC) in eastern Ladakh.

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