FDI from China: 'Scrutiny is Fine, Blanket-Ban May Hit Investment Hard' I The Wire
by The Wire
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The Narendra Modi-led government at the Centre revised India's foreign direct investment policy to curb “opportunistic takeovers or acquisition” of Indian companies due to the COVID-19 pandemic on April 18, 2020.
With one eye on China, the government has notified that any entity of a country which shares a land border with India or where the beneficial owner of investment into India is situated in or is a citizen of any such country, can invest only under the government approval route.
Following this, the Chinese government responded negatively and said that the new rules are against the World Trade Organisation's principle of non-discrimination.
In this episode of The Wire Business Report, The Wire's Mitali Mukherjee speaks with Santosh Pai, a partner with Link Legal India Law Services to discuss how the latest development will impact FDI from China, if it is justified for India to put Chinese FDI up against the wall and how will Indian companies with large Chinese investments – like OYO, Paytm and Snapdeal – fare under such rules.
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With one eye on China, the government has notified that any entity of a country which shares a land border with India or where the beneficial owner of investment into India is situated in or is a citizen of any such country, can invest only under the government approval route.
Following this, the Chinese government responded negatively and said that the new rules are against the World Trade Organisation's principle of non-discrimination.
In this episode of The Wire Business Report, The Wire's Mitali Mukherjee speaks with Santosh Pai, a partner with Link Legal India Law Services to discuss how the latest development will impact FDI from China, if it is justified for India to put Chinese FDI up against the wall and how will Indian companies with large Chinese investments – like OYO, Paytm and Snapdeal – fare under such rules.
Like our work? Click here to support The Wire: https://thewire.in/support
The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
We publish in four different languages!
For English, visit www.thewire.in
for Hindi: http://thewirehindi.com/
for Urdu: http://thewireurdu.com
for Marathi: https://marathi.thewire.in
If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/
You can also follow The Wire’s social media platforms and engage with us.
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https://twitter.com/thewirehindi
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