Chinese firms like Great Wall and SAIC’s unit MG Motor worry about implications of tougher India rules on foreign investment. Indian craft beer maker Bira’s bridge funding round with Chinese investors could also be delayed by AdityaKalra AditiShahsays
NEW DELHI - India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets.
Chinese firms existing and planned investments in India stand at more than $26 billion, research group Brookings said in March, with the world’s second-most populous nation emerging as a key market for everything from automobiles to digital tech. “Every Chinese investor is worried, any government approval could take months,” said Kakkar, who advises several foreign companies and investors.
“Sentiment wise it’s not been taken well but it will not change the investment plans for now,” said one of the sources who works closely with Chinese automakers in India.Indian craft beer maker Bira’s roughly $50 million of bridge financing round that involved Chinese investors could be delayed due to the new rules, said an industry source with direct knowledge. Bira did not respond to a request for comment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lockdown reveals fresh air, cleaner rivers in IndiaIndia’s extended lockdown to curb the outbreak has shut down schools, workplaces, industries, transport, and forced people to stay home. It also led to an unexpected bonus in the country with six out of 10 of the world’s most polluted cities: cleaner air.
Read more »
Endemol Shine India Acquires Rights To ‘Lioness: The Last Queen’ By Chitra Banerjee DivakaruniEndemol Shine India has acquired the rights to Chitra Banerjee Divakaruni’s unreleased book Lioness: The Last Queen. Indian author Divakaruni’s previous books include The Mistress Of Spices, …
Read more »
Eros India CEO Explains STX Merger Logic: 'The Bigger Story Is on the OTT Side'When STX Entertainment unveiled ambitious plans in 2018 to make an initial public offering Hong Kong — which, ultimately, didn't come to fruition — the company expected to raise $500 million at a target valuation of $3.5 billion
Read more »
Facebook Bets $5.7 Billion That Mobile Giant Holds Key to IndiaFacebook’s $5.7 billion tie-up with an Indian mobile leader could create a new kind of animal in the world’s biggest untapped digital market: a social media behemoth wedded to a mobile infrastructure titan.
Read more »
Electric vehicle sales in India jump, with two-wheeled scooters driving growthThe country's mix of electric vehicles is different to others.
Read more »