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Galwan Valley face-off: Indian tech firms shun China, switch to US camp

In April, the Centre had changed foreign direct investment norms and introduced a pre-clearance mechanism on investments from China

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There has been a series of large investments by US firms in India recently, including Google’s $10 billion India digitisation fund, and retailer Walmart investing an additional $1.2 billion in its Indian arm Flipkart.

Peerzada Abrar Bengaluru

4 min read Last Updated : Jul 20 2020 | 6:05 AM IST

Strained ties with China, in the wake of the Galwan Valley face-off, are driving Indian tech start-ups to look to the US for investments and partnerships.

Opposed to a recent trend where Chinese investors were making serious inroads into the Indian technology ecosystem, Indian companies are attracting a series of blockbuster investments from US tech giants such as Google and Facebook as well as large companies and private equity firms, say industry insiders and analysts.

Nearly 30 per cent of about $10 billion invested in Indian tech start-ups in 2019 came from investors based in China, including Hong Kong.

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