January 22, 2021

Over 1,600 Indian corporations obtained $1bn FDI from China throughout April 2016-March 2020 – enterprise information

Greater than 1,600 Indian corporations have obtained overseas direct investments value $1 billion from China throughout the April 2016 to March 2020 interval, in keeping with authorities knowledge.

The information was supplied in a written reply to the Rajya Sabha on Tuesday to a query on whether or not it’s a reality that enormous scale investments have been made by Chinese language businesses in Indian corporations, specifically the start-ups.

Over 1,600 corporations obtained $1,020.25 million ($1.02 billion) International Direct Funding (FDI) fairness inflows from China for the April 2016 to March 2020 interval, as per the information.

These corporations had been in 46 sectors. Out of them, the auto business, printing of books (together with litho printing business), electronics, providers and electrical gear obtained greater than $100 million FDI every from China throughout the mentioned interval.

The auto business obtained the utmost FDI from China at $172 million. The providers sector attracted such funds value $139.65 million, the information confirmed.

Within the written reply, minister of state for company affairs Anurag Singh Thakur mentioned the company affairs ministry doesn’t keep data concerning the funding made by Chinese language businesses.

He mentioned the ministry of commerce & business has knowledgeable that FDI Information Cell compiles and maintains the information of FDI reported by fairness influx within the nation.

The related knowledge for the April 2016 to March 2020 interval was supplied together with the written reply.

Indian and Chinese language troops are engaged in a standoff alongside the Line of Precise Management (LAC) in japanese Ladakh.