AGL 40.39 Increased By ▲ 0.38 (0.95%)
AIRLINK 127.65 Decreased By ▼ -0.34 (-0.27%)
BOP 6.60 No Change ▼ 0.00 (0%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.56 Increased By ▲ 0.08 (0.94%)
DFML 42.00 Increased By ▲ 0.52 (1.25%)
DGKC 87.20 Increased By ▲ 0.62 (0.72%)
FCCL 32.70 Increased By ▲ 0.56 (1.74%)
FFBL 65.10 Decreased By ▼ -0.32 (-0.49%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.50 Decreased By ▼ -0.99 (-0.9%)
HUMNL 14.58 Decreased By ▼ -0.17 (-1.15%)
KEL 5.12 Decreased By ▼ -0.01 (-0.19%)
KOSM 7.56 Increased By ▲ 0.44 (6.18%)
MLCF 41.42 Decreased By ▼ -0.23 (-0.55%)
NBP 59.52 Decreased By ▼ -0.57 (-0.95%)
OGDC 193.97 Decreased By ▼ -0.72 (-0.37%)
PAEL 28.21 Increased By ▲ 0.26 (0.93%)
PIBTL 7.82 Decreased By ▼ -0.18 (-2.25%)
PPL 151.75 Increased By ▲ 0.58 (0.38%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.08 Increased By ▲ 0.08 (0.5%)
SEARL 82.60 Increased By ▲ 4.40 (5.63%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TOMCL 35.40 Decreased By ▼ -0.27 (-0.76%)
TPLP 8.18 Increased By ▲ 0.27 (3.41%)
TREET 16.25 Increased By ▲ 0.36 (2.27%)
TRG 52.82 Increased By ▲ 0.06 (0.11%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.24 Decreased By ▼ -0.03 (-2.36%)
BR100 9,923 Increased By 2.6 (0.03%)
BR30 30,765 Increased By 13.5 (0.04%)
KSE100 93,457 Increased By 232.6 (0.25%)
KSE30 28,949 Increased By 63.9 (0.22%)

NEW DELHI: India is considering easing curbs on some Chinese investments, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Currently, investments from an entity in a country that shares a land border with India require government approval, meaning they cannot go through a so-called automatic route.

Prime Minister Narendra Modi’s government is now considering exempting proposals from companies where the foreign ownership is less than 10%, the Bloomberg report said.

Bloomberg reported the move was being considered after proposals worth $6 billion were stuck in red tape, adding the proposal could be approved as early as next month.

Political tensions between India and China escalated in 2020 after their soldiers clashed on the disputed Himalayan border. Since then, India has sought to limit Chinese investment in sensitive companies and sectors, banned a raft of Chinese mobile apps and subjected imports of Chinese goods to extra scrutiny.

Comments

Comments are closed.