80 Chinese Companies Currently Active In India, Equity Investment Negligible: FM Sitharaman


Source: swarajyamag.com swarajyamag.com

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by IANS - Feb 10, 2021 05:52 AM Union Finance Minister Nirmala Sitharaman. (Twitter) As the Indian government pushes the 'Aatmanirbhar Bharat' vision, official data show that about 80 Chinese companies established in India are 'active' currently. Union Finance Minister said on Tuesday that a total of 92 Chinese companies had established their place of business in India with approval from the Reserve Bank of India under the Foreign Exchange Management Act, 1999 (FEMA). Out of these, 80 companies are having their status as 'active' as on date. On the investment by Chinese investors in Indian companies, Sitharaman cited data...