The Indian government is studying options to facilitate investment restrictions on some Chinese businesses, an official familiar with the matter, a step that can help the country in South Asia improve local manufacturing. The official, who asked not to be identified because especially the discussions, said the discussions were underway or releases to Chinese businesses in the High -Tech sectors, such as solar energy units and important minerals. The official added that the Ministry of Trade, Industry and Security Administration was linked to this issue, pointing out that there was no final decision on this issue. The relationship between the two largest countries in the world deteriorated in terms of the population, after the deadly border collision in 2020 between the two nuclear -armed neighboring neighboring, as New -Delhi imposed strict rules on Chinese enterprises, banned Chinese applications and delaying the approval of visas. Indian businesses, especially in manufacturing, say that the restrictions have harmed their operations and undermine the government’s ability to become a center for factories in the region. Reuters reported earlier that India is considering reducing restrictions on some businesses. The government’s annual economic survey report, compiled by the chief economic adviser, and released on Monday, has submitted a strong invitation to India to attract more investments from China as a way to improve manufacturing. According to the report, the focus on direct foreign investment from China can encourage the country to improve exports to the United States, similar to what East Asian economies have done in the past.
India is considering uplifting the restrictions on some Chinese companies
