InvestorQ : What are the series of restrictions on Chinese companies that India has imposed till date post the LAC incursions by China?
Khushi Patel made post

What are the series of restrictions on Chinese companies that India has imposed till date post the LAC incursions by China?

Answer
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Anjana Aiyar answered.
3 months ago


It began with restrictions on FDI and FPI flows and then fanned out into a ban on 59 apps and now China has been banned from participating in any road or infrastructure projects. This was confirmed by Nitin Gadkari announcing a tighter clampdown on Chinese participation in road, ports and infrastructure projects in India.

This announcement came a day after India announced the banning of 59 Chinese apps including some marquee apps like We Chat, UC Browser, Tik Tok, Cam Scanner, Hello etc. All these apps were extremely popular in India and the government was apprehensive that these apps were endangering the security and sovereignty of the country.

The latest in this move is the bid to ban Chinese bidders, suppliers and JV partners from all roads, rail, port and other infrastructure projects on security grounds. While China is not allowed to participate in any of the border roads projects, the fresh ban will mean they Chinese companies cannot directly or indirectly participate in any infra project in India.