What's Hot

    Smartworks picks up 7 lakh sq. ft. office space in Bengaluru

    August 9, 2022

    Australia’s central bank launches digital currency project

    August 9, 2022

    Cantillon effect

    August 8, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Invest PolicyInvest Policy
    Subscribe
    • Banking
    • Economy
    • Finance
    • Insurance
      • LIC
    • Investment
    • Market
    • Money
    • MF
    • More
      • Scheme
      • Property
    Invest PolicyInvest Policy
    Home Lack of tension on LAC if investment is high, 45 investment proposal coming from China will soon get approval
    Investment

    Lack of tension on LAC if investment is high, 45 investment proposal coming from China will soon get approval

    InvestPolicyBy InvestPolicyFebruary 22, 2021Updated:February 28, 2021No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Lack of tension on LAC if investment is high, 45 investment proposal coming from China will soon get approval
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Chinese investments: 150 investment proposals coming from China are in front of the government. This amount is 2 billion dollars i.e. about 15000 crore rupees.

    Including companies such as Great Wall Motor and SAIC Motor Corp.

    In December, a report came in which said that since April, more than 120 FDI proposals worth about Rs 12000 crore have come from China. Reuters quoted sources as saying that it is considering to approve 45 investment proposals coming from China. This includes companies such as Great Wall Motor and SAIC Motor Corp. Recently China and India have agreed to step back on LAC, after which the tension has come down. After the decrease in tension, the proposal for investment proposal is being considered.

    These investment proposals are before the government from April 2020. According to the latest report, 150 investment proposals coming from China are in front of the government. This amount is 2 billion dollars i.e. about 15000 crore rupees. Explain that the investment coming from Japan and America which is reaching India via Hong Kong has also affected the rules in lieu of FDI. Great Wall Motor and General Motors placed a joint proposal with the government in the year 2020, under which Great Wall Motor sought consent from the government to buy General Motor’s India plant. The deal is worth about $ 250–300 million (2100 million).

    FDI rules were changed in April 2020

    In the month of April, the central government changed the FDI rules after the Chinese troops attacked the Line of Actual Control. Under the new rule, for those countries whose border adjoins India, government approval will have to be taken before investing in any sector in India. The government had taken this decision to stop the opportunistic takeover due to the Kovid-19 epidemic. Last year, between April and September, FDI worth $ 2.43 billion, ie 15526 crore, has come from China to India.

    Also read, Market broke for 5th consecutive day, Sensex fell by 1145 points, investors lost 3.79 lakh crore

    Also read, can there be a change in EPF Tax? Nirmala Sitharaman said – Government ready for review

    Chinese investment in India Foreign Direct Investment
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleThe premium for term insurance plans may increase soon
    Next Article Chinese investment in India reduced due to dispute over LAC in Ladakh, FDI also declined
    InvestPolicy

    Related Posts

    Jack Dorsey’s Block slows hiring, investment as Bitcoin plunge slams earnings

    August 5, 2022

    PM Fasal Bima Yojana Details

    July 15, 2022

    PNB MetLife will give a bonus of Rs 594 crore to its customers, 4.95 lakh policyholders will benefit

    July 14, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    There is a boom in these 4 pharma stocks! You can get up to 47% return in 1 year, these are included in the list

    June 28, 2022

    Crypto Crash: Huge fall in BitCoin, now only one third of the price remains, buying trend in only two of the top 10 cryptos

    June 14, 2022

    Best Investment Options From State Bank of India

    April 27, 2020
    Advertisement

    Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort. We are committed to provide accurate and unbiased information at your doorstep and keep it transparent among our customers.

    We're social. Connect with us:

    Facebook Twitter YouTube LinkedIn
    Top Insights

    Smartworks picks up 7 lakh sq. ft. office space in Bengaluru

    August 9, 2022

    Australia’s central bank launches digital currency project

    August 9, 2022

    Cantillon effect

    August 8, 2022
    Must Read

    What is UTR Number in Phonepe and Google Pay? how to check

    March 1, 2022

    Life Insurance Terminologies – How They Are Important?

    September 6, 2019

    (Registration) Ayushman Bharat Scheme: Apply Online

    January 24, 2021
    © 2022 Invest Policy.
    • About Us
    • Contact Us
    • Advertise
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.