Amidst the evolving India and China trade dynamics, the Government of India has taken a firm stand on Chinese investors. Taking a bold step to bar their participation in the Micro, Small and Medium Enterprises (MSME), confirmed Nitin Gadkari, Union Minister for Road Transport and Highways, Shipping and MSME that Chinese companies would not be allowed to invest in MSME and or any joint ventures”. In line with the ‘Atmanirbhar Bharat’ vision, on existing tenders and future bids, rebidding would be done in case of existing Chinese joint ventures, he informed. The Department for Promotion of Industry and Internal Trade (DPIIT) on April 18, 2020 had issued a press note regarding a change in the FDI policy, impacting both direct and indirect Foreign Direct Investments from China.
