Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region. “We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very, very … Read more
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said. In 2020, India tightened scrutiny on investments from companies based in China due to military tensions in the remote Himalayan border. The government … Read more
At least one connection opened by Chinese state-sponsored hackers into the network system of an Indian port is still active, even as authorities block attempts to penetrate the nation’s electrical sector, according to the US firm that alerted officials. As of Tuesday, Recorded Future could see a ‘handshake’ — indicating an exchange of traffic — … Read more