Pune Stock：Indian media： India has received a total of 382 China Enterprise Investment Applications in two years, and only 80 items are approved

[Global Times report] According to India's "Economic Times" reported on the 6th, since the comprehensive tightening of commercial investment from neighboring countries in 2020, the Indian government has received a total of 382 applications from Indian entities. As of June 29 this year,80 of them have been formally approved, but it is unclear how many other 300 projects have been rejected.Pune Stock

In April 2020, the Indian Ministry of Commerce and Industry's Ministry of Commerce and Industry Promotion Agency amended foreign direct investment rules for foreign countries, requiring investment in India, which requires all local neighboring countries that borders the country, must be approved by the government in advance.At that time, the Indian government claimed that this was to prevent "speculative mergers and acquisitions" of Indian enterprises. Many media believed that this was obviously targeted at India.After the relevant measures came into effect, the Indian government had not approved such investment projects until mid -2021.

The Economic Times said that the Indian government still maintains a highly "prudent" attitude towards overseas direct investment, and pays special attention to the background investigation of Chinese investors, so the approval is slow.According to people familiar with the industry, in the currently approved investment applications, the proportion of shares advocated by China Enterprise is relatively low, which will not cause changes in control.New Delhi Stock Exchange

In addition to investment, the Indian media previously reported that the Indian authorities are increasing their review of Chinese enterprises.According to a report from New Delhi, India, the Indian Law Enforcement Bureau raided the Indian mobile phone manufacturer vivo and many production and operation places on the same day.

The Indian Foreign Ministry spokesman Zhao Lijian said on the 6th that China is paying close attention to the matter.He emphasized that the Indian government has always demanded that Indian enterprises operate legally compliant overseas, while firmly supporting Indian enterprises to safeguard their legitimate rights and interests.We hope that the Indian party will investigate and enforce the law in accordance with the law and effectively provide Indian enterprises with a fair, fair, and non -discriminated business environment for Indian enterprises in India.(Liu Haoran)

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