As India-China tensions continue despite the efforts being made to resolve the border issue, the government has said that as many as 80 Chinese companies are actively doing business in the country.
Replying to a question in Rajya Sabha regarding the restrictions on Chinese firms from doing business in the country, Minister of State (MoS) for Finance Anurag Thakur said that 92 Chinese companies are registered in India at present out of which, 80 companies are having the status of ‘active’ at present.
Thakur added that adequate rules are in place and all companies are required to ensure compliance with them. He further informed that the Foreign Direct Investment (FDI) is regulated by the Reserve Bank of India and, except in some sectors including defence, space and atomic energy, it is allowed with the government’s permission.
Notably, the government had banned at least 59 apps belonging to Chinese companies last year including the popular short video platform TikTok…