FDI from China: Over 1,600 companies received $1 billion FDI from China during April 2016-March 2020: Government data | India Business News
NEW DELHI: Greater than 1,600 Indian corporations have gained overseas direct investments value $1 billion from China all through the April 2016 to March 2020 length, in keeping with executive knowledge.
The information was once supplied in a written respond to the Rajya Sabha on Tuesday to a query on whether or not this is a truth that enormous scale investments had been made through Chinese language companies in Indian corporations, specifically the start-ups.
Over 1,600 corporations gained $1,020.25 million ($1.02 billion) overseas direct funding (FDI) fairness inflows from China for the April 2016 to March 2020 length, as in line with the knowledge.
Those corporations have been in 46 sectors. Out of them, the auto business, printing of books (together with litho printing business), electronics, products and services and electric apparatus gained greater than $100 million FDI every from China all through the stated length.
The car business gained the utmost FDI from China at $172 million. The products and services sector attracted such price range value $139.65 million, the knowledge confirmed.
Within the written answer, minister of state for company affairs Anurag Singh Thakur stated the company affairs ministry does now not handle data in regards to the funding made through Chinese language companies.
He stated the ministry of trade & business has knowledgeable that FDI Information Mobile compiles and maintains the knowledge of FDI reported thru fairness influx within the nation.
The related knowledge for the April 2016 to March 2020 length was once supplied at the side of the written answer.
Indian and Chinese language troops are engaged in a standoff alongside the Line of Precise Keep watch over (LAC) in jap Ladakh.