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Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

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It also suggested that any future overseas investment should be through government route and not through automatic route.

Press Trust of India New Delhi
Traders' body CAIT on Sunday urged the government to order an investigation into Chinese investments in Indian startups to determine their investment control in these firms.

In a letter to Commerce and Industry Minister Piyush Goyal, the Confederation of All India Traders (CAIT) shared a list of 141 prominent Indian startups claiming they have significant Chinese investments.

These Indian firms relate to sectors including hospitality, food delivery, IT, logistics, payment applications, e-commerce travel, transport, pharmaceuticals, insurance, share market, healthcare, eye care, play applications and others.


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First Published: Aug 30 2020 | 10:14 PM IST

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