CAIT urges government to probe Chinese investments in Indian startups


Source: deccanherald.com deccanherald.com

Key Topics in this News Article:

News Snapshot:

Traders' body CAIT on Sunday urged the government to order an investigation into Chinese investments in Indian startups to determine their investment control in these firms. In a letter to Commerce and Industry Minister Piyush Goyal, the Confederation of All India Traders (CAIT) shared a list of 141 prominent Indian startups claiming they have significant Chinese investments. These Indian firms relate to sectors including hospitality, food delivery, IT, logistics, payment applications, e-commerce travel, transport, pharmaceuticals, insurance, share market, healthcare, eye care, play applications and others. "It looks like a planned strategy by various Chinese companies to acquire vital data of...