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Govt reviewing 50 investment proposals from Chinese firms: report

Jul 07, 2020 14:25 IST

The government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters. Under new rules announced by India in April, all investments by entities based in neighbouring countries need to be approved by the government, whether for new or additional funding. The new investment rules were aimed at curbing opportunistic takeovers during the coronavirus outbreak.

Global Business