By Manoj Kumar
NEW DELHI (Reuters) -India isn’t re-thinking the problem of permitting Chinese language investments into the nation, Commerce Minister Piyush Goyal stated on Tuesday.
Earlier in July, India’s Chief Financial Adviser V. Anantha Nageswaran stated within the authorities’s annual financial survey that New Delhi ought to concentrate on direct investments from China to spice up its exports and assist hold India’s rising commerce deficit with Beijing in verify.
“There isn’t any rethinking at current to help Chinese language investments within the nation,” the minister informed reporters in New Delhi.
The financial survey suggestions should not binding on the federal government, Goyal stated.
Following clashes within the distant Himalayan border in 2020 between the 2 nuclear armed nations, India tightened scrutiny on investments from Chinese language firms.
India’s Finance Minister Nirmala Sitharaman, nonetheless, had backed Nageswaran’s suggestion to permit extra Chinese language funding into the nation.
The commerce minister’s feedback comply with a Reuters report final week that stated India might ease restrictions on Chinese language funding in non-sensitive sectors like photo voltaic panels and battery manufacturing.
(Reporting by Manoj Kumar, writing by Swati Bhat, modifying by Sudipto Ganguly and Raju Gopalakrishnan)
