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India's new FDI policy is discriminatory and against free trade: China

India's move was attributed to the rising possibility of "opportunistic takeovers" of its companies by those in neighbouring nations, as the coronavirus pandemic wreaks havoc on the economy

Xiamen: Chinese President Xi Jinping, left, and Indian Prime Minister Narendra Modi attend the group photo session at 2017 BRICS Summit in Xiamen, Fujian province in China, Monday, Sept. 4, 2017. AP/PTI
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File photo of Chinese President Xi Jinping (left), and Indian Prime Minister Narendra Modi. India on April 18 mandated that investments from neighbouring countries would now require government approval. AP/PTI

BS Web Team New Delhi
India’s new policy on allowing investment from foreign countries go against international rules on free trade and investment, said China on Monday. 

India on Saturday mandated that investments from neighbouring countries would now require government approval, effectively closing the “automatic route” used by firms and individuals to set up business in the country.


India’s move was attributed to the rising possibility of “opportunistic takeovers” of its companies, as the coronavirus pandemic wreaks havoc on the economy.

"The additional barriers set by Indian side for

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First Published: Apr 20 2020 | 1:46 PM IST

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