The government is open to allowing Chinese firms’ entry into the high-tech electronics sector if they set up manufacturing units in the country in partnership with local companies, officials said. They added that the government along with the industry is trying to identify Indian companies which may want to get into electronics joint ventures not … Read more
Chinese automaker Great Wall Motor has been planning to enter the Indian market since 2020 but now becomes one of the biggest casualties of New Delhi’s increased scrutiny of investments from Beijing. China’s Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations after failing … Read more
The government is considering winding up companies with Chinese links under the scanner of the ministry of corporate affairs (MCA). While the probe into the companies which have related-party transactions or liabilities like loans availed from banks or other financial institutions will continue, the view has been to wind up the rest for good, sources … Read more
Bilateral trade in first six months hits $57.48 bn, surpasses pre-pandemic levels India’s trade with China in the first half of 2021 rose by a record 62.7% — the highest increase among China’s major trade partners — with total two-way trade surpassing the pre-pandemic levels. Two-way trade after six months was $57.48 billion, the highest … Read more