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India's bilateral investment pacts restrictive: Arvind Panagariya

Whereas, Chinese investors made direct investment overseas in 3,434 enterprises of 150 countries and regions worth $61 bn

Press Trust of India  |  New Delhi 

India's bilateral investment pacts happen to be "restrictive" while China is emerging as a major force when it comes to overseas investments, Niti Aayog Vice-Chairman Arvind Panagariya said on Tuesday. "China is now emerging as a provider of outward investment. It is looking out to set rules for outward investment. Our own bilateral investment treaty happens to be rather restrictive," Panagariya said addressing the International G20 Conference organised by ICRIER in New Delhi. According to Chinese government data, in January-April 2016, the Chinese investors ...

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First Published: Tue, August 09 2016. 12:48 IST
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