India relaxes rules for some state-run firms to procure critical equipment from China

India ?authorised some state firms including Bharat Heavy Electricals and Steel ?Authority of India on Friday to procure critical equipment ?from China, according to a government ?source and document, after easing restrictions. Reuters reported last month that India would relax restrictions on buying Chinese equipment imposed after ?a deadly 2020 border clash, allowing state-run power and coal companies to start limited imports as ?shortages and project delays mounted. India has since ?then ?also eased investment curbs on China. Under the relaxation ?of the rules, India’s largest state-run power equipment maker Bharat Heavy Electricals can procure 21 types of critical equipment…