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'Make in India' draws Chinese investors

Staff reporter, New Delhi
20/03/2017   1 Comments

Chinese companies have shown significant interest to invest in India in a wide range of sectors since the launch of Make in India campaign.
 
This was informed by the Commerce and Industry Minister, Nirmala Sitharaman, in a written reply in the Lok Sabha today.   
 
As per Department of Industrial Policy and Promotion and RBI data, between April 2000 and December 2016, cumulative FDI inflows from China were Rs 9,933.87 crore. Of the cumulative FDI equity inflows, 77.9% have been received since 2014.
 
An MoU between India and China was signed on the cooperation on Industrial Parks in India on June 30, 2014 in Beijing. Pursuant to the MoU, Chinese companies will develop Industrial Parks in Maharashtra, Haryana, and Gujarat.

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3/20/2017 7:47:27 AM

Will India have the common sense to drive the Chinese dragon out?