Chinese investment pacts, pvt JVs invite Govt scrutiny

Written by Aashish Aryan
, Sunny Verma
| New Delhi |

September 30, 2020 4:01:49 am





In June, the government, citing the “emergent nature of threats”, banned 59 Chinese mobile applications.

In a move that is likely to mount more pressure on Chinese trade and investment in India, the government is planning to scrutinise old and new private sector joint ventures and investment agreements to check for alleged violation of tax laws and other laws, multiple sources in the know of the development told The Indian Express.

The priority, the sources said, will be vetting documents and agreements of companies in the information technology and finance sector. The scope of the probe will, however, be…

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