Indian officials said the disengagement on the banks of Pangong Lake in the Ladakh sector is only the first step to restore normalcy in bilateral relations between India and China( AP)
Indian officials said the disengagement on the banks of Pangong Lake in the Ladakh sector is only the first step to restore normalcy in bilateral relations between India and China( AP)

India’s hasn’t changed its mind on Chinese investment, will make no exceptions: Officials

India will continue to closely watch China’s next steps along the Line of Actual Control and will not rush to lift restrictions on investments from Bejing
By Shishir Gupta, Hindustan Times, New Delhi
UPDATED ON FEB 23, 2021 11:31 PM IST

India is not considering any proposal to allow any Chinese company to invest in India, people aware of the matter said on Tuesday, rebutting reports that New Delhi could clear 45 investment proposals from China. The report came against the backdrop of easing of tensions due to disengagement at Pangong Tso, one of the many friction points between troops of the two countries over the last nine months.

“This report is factually incorrect. The government has not cleared investment from China at any level. There is no such proposal either,” the official said, pointing to a Reuters report that indicated that New Delhi was set to clear 45 investment proposals from China.

The government has only cleared three foreign investment proposals from Hong Kong. Two of these are investments from Japanese companies, the third is a Non-Resident Indian group, the official said.

Also Read: Indian officials explain why buzz around Prez Xi’s India visit is misplaced

A foreign ministry official said any suggestion that New Delhi was ready to abruptly change its stand on foreign investment from China was grounded in an inadequate appreciation of New Delhi’s position on the border friction in the Ladakh sector.

India has always maintained that peace and tranquillity at the border is a prerequisite for developing bilateral relations. The two countries have taken early steps to restore normalcy at the Ladakh border but they need to travel some distance between status quo ante is restored.

New Delhi had last year responded to China’s aggressive manoeuvres in Ladakh by erecting barriers to the flow of investment from countries that share land borders with India and made it mandatory for companies based in these countries to get special approvals to get government contracts.

Of the three proposals of companies based in Hong Kong that have been cleared includes Nippon paints headquartered in Japan. The foreign investors proposing investment, in this case, include Nippon Paint Holdings Co. Ltd, Japan, Nipsea International Limited, Hong Kong - it is a 100% subsidiary of Nipsea Holdings International Limited whose ultimate beneficial owners are, among others, the Goh family who are citizens of Singapore, Netherlands and Australia; and FraserHong Kong.

Another FDI proposal, which is cleared is of Citizen Watches (India) Private Limited which is 100%held by Citizen Watches Company Limited, Japan.

The third FDI proposal relates to Netplay Sports Private Limited, which is involved in sports, amusement and recreation activities. The foreign investors, in this case, include Allshores Capital Limited, Hong Kong owned by 2 NRIs, Sandeep Singh and Ashwin Mehta; and Rajeev Leekha, also an NRI.

SHARE THIS ARTICLE ON
Close
Activist Saket Gokhale had sought consent, a condition precedent for initiating criminal contempt proceedings, of the top-most law officer to initiate the case against the former CJI who had reportedly said at an event that the judiciary is "ramshackled" and it is quite unlikely for a person to get a timely verdict.(PTI)
Activist Saket Gokhale had sought consent, a condition precedent for initiating criminal contempt proceedings, of the top-most law officer to initiate the case against the former CJI who had reportedly said at an event that the judiciary is "ramshackled" and it is quite unlikely for a person to get a timely verdict.(PTI)

Venugopal refuses to give mandate to contempt proceedings against ex- CJI Gogoi

PTI
PUBLISHED ON FEB 27, 2021 04:00 PM IST
Venugopal said though ex-CJI's statements were strong, but they reflected his views on the ills of the judiciary.
Close
NHAI will resume toll collection on national highways from April 20
NHAI will resume toll collection on national highways from April 20

Gadkari announces new expressway, Travel from Delhi to Dehradun in 2 hours

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON FEB 27, 2021 03:55 PM IST
The Delhi-Dehradun Economic Corridor will offer new connectivity to the holy site of Haridwar in Uttarakhand.
Close
Keeping up with Airmeet's performance driven culture, the ISO certification is a testament of the company's devotion to continually enhance their product. In order to become ISO 27001:2013 compliant, the firm had to undergo a series of extensive audits, pre-audit assessments and reviews.
Keeping up with Airmeet's performance driven culture, the ISO certification is a testament of the company's devotion to continually enhance their product. In order to become ISO 27001:2013 compliant, the firm had to undergo a series of extensive audits, pre-audit assessments and reviews.

Airmeet becomes ISO certified, maintains high standard info security management

ANI, New Delhi
PUBLISHED ON FEB 27, 2021 03:39 PM IST
ISO 27001:2013 specifies the requirements for establishing, implementing, maintaining, and continually improving an information security management system within the organization's context.
Close
A health worker wearing a PPE kit collects a swab sample of an old lady for the COVID-19 test as she arrives at Dadar railway station, in Mumbai on Friday. (ANI Photo)
A health worker wearing a PPE kit collects a swab sample of an old lady for the COVID-19 test as she arrives at Dadar railway station, in Mumbai on Friday. (ANI Photo)

Covid spike in Mumbai: FIR against marriage halls; 120 buildings remain sealed

By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON FEB 27, 2021 03:43 PM IST
Though Mumbai has been reporting over 1,000 cases daily, according to the authorities, the situation is not out of control yet as the recovery rate is also high at 93 per cent.
Close
File photo of Delhi chief minister Arvind Kejriwal (HT Prrint).
File photo of Delhi chief minister Arvind Kejriwal (HT Prrint).

‘People want to know’: Kejriwal vs Gujarat BJP chief on civic election results

By hindustantimes.com | Written by Karan Manral, New Delhi
UPDATED ON FEB 27, 2021 03:19 PM IST
Arvind Kejriwal, who held a road show in Surat on Friday, finds himself in a Twitter war of words with Gujarat BJP chief and Lok Sabha MP, CR Paatil.
Close
Satej Patil also said these regulations need to be opposed strongly as they infringe the privacy of individuals and free speech given by the Constitution.(Twitter/@satejp)
Satej Patil also said these regulations need to be opposed strongly as they infringe the privacy of individuals and free speech given by the Constitution.(Twitter/@satejp)

Maha minister says Centre's new regulation for digital platforms 'dictatorial'

PTI, Mumbai
PUBLISHED ON FEB 27, 2021 03:11 PM IST
The Minister of State for IT Satej Patil said "This move by the Centre needs to be fought tooth and nail. Such dictatorial regulations will not be accepted by the people of this democratic country."
Close
Army sources said the unprovoked ceasefire violation by Pakistan in Tangdhar sector, which was an attempt to push in terrorists into India under covering fire.(Hindustan Times/representative image)
Army sources said the unprovoked ceasefire violation by Pakistan in Tangdhar sector, which was an attempt to push in terrorists into India under covering fire.(Hindustan Times/representative image)

Ceasefire to have no bearing on counter-terrorism operations: Lt Gen

PTI
PUBLISHED ON FEB 27, 2021 03:11 PM IST
Without naming China and Pakistan, he said Indian Army has maintained its domination on its borders with the neighbouring countries and helped in maintaining peace in the hinterland.
Close
The accused who were absconding were arrested Saturday morning.(Representational Photo/HT Archives.)
The accused who were absconding were arrested Saturday morning.(Representational Photo/HT Archives.)

Telangana’s Siddipet tense after alleged slaughter of cows, police arrest 8 men

PUBLISHED ON FEB 27, 2021 03:08 PM IST
  • A court in Siddipet sent the eight accused to 14 days in judicial custody.
Close
People walk on a snow-covered road at Ahlan village in South Kashmir. (File photo)
People walk on a snow-covered road at Ahlan village in South Kashmir. (File photo)

Fresh snowfall in Kashmir brings back cold wave-like conditions

PTI
PUBLISHED ON FEB 27, 2021 03:06 PM IST
Fresh snowfall was reported from most parts of Kashmir, including Srinagar, the summer capital of Jammu and Kashmir, the officials said.
Close
IAF chief RKS Bhadauria gifted a legacy Alouette III helicopter to the Bangladesh Air Force (PTI Photo) (PTI)
IAF chief RKS Bhadauria gifted a legacy Alouette III helicopter to the Bangladesh Air Force (PTI Photo) (PTI)

IAF gifts 1971 war helicopter to Bangladesh, gets F-86 fighter as return gift

ANI, Dhaka
PUBLISHED ON FEB 27, 2021 03:05 PM IST
  • The exchange of aircraft took place in Dhaka during the four day trip of Bhadauria to Bangladesh
Close
One reason for high prices of petrol and diesel is central and state levies. (HT Photo)
One reason for high prices of petrol and diesel is central and state levies. (HT Photo)

Petrol, diesel prices hiked again, 16th time this month

By Rajeev Jayaswal, Hindustan Times, Delhi
PUBLISHED ON FEB 27, 2021 02:45 PM IST
Domestic fuel retailers raised petrol and diesel rates on Saturday even as international crude oil prices fell on Friday because of firming dollar.
Close
The states showing a surge are Telangana, Maharashtra, Chhattisgarh, Madhya Pradesh, Gujarat, Punjab, Jammu and Kashmir and West Bengal. (PTI)
The states showing a surge are Telangana, Maharashtra, Chhattisgarh, Madhya Pradesh, Gujarat, Punjab, Jammu and Kashmir and West Bengal. (PTI)

Cabinet secretary to hold review meeting with 8 states, UTs

PTI, New Delhi
PUBLISHED ON FEB 27, 2021 02:39 PM IST
The ministry said 85.75 per cent of 16,488 new cases registered in a span of 24 hours are from six states and UTs.
Close
Fishermen pull a long net after fishing in the Bay of Bengal at Jodugulla Palem Beach, in Visakhapatnam on Thursday. (ANI Photo)
Fishermen pull a long net after fishing in the Bay of Bengal at Jodugulla Palem Beach, in Visakhapatnam on Thursday. (ANI Photo)

Fishing hartal hits coastal belt in Kerala

PTI, Thiruvananthapuram
PUBLISHED ON FEB 27, 2021 02:34 PM IST
Various pro-Congress outfits, under the banner of Matsya Mekhala Samrakshana Samithi, called for the hartal in the coastal belt.
Close
India’s Permanent Representative to the UN Ambassador T S Tirumurti.(PTI File Photo)
India’s Permanent Representative to the UN Ambassador T S Tirumurti.(PTI File Photo)

India has highest stake in Rohingyas' return to Myanmar: India at UNGA

PTI
PUBLISHED ON FEB 27, 2021 02:34 PM IST
Myanmar doesn’t recognise Rohingya as an ethnic group and insists that they are Bangladeshi migrants living illegally in the country.
Close
In written response to a question in Lok Sabha earlier this month, Union Minister of State for Home G Kishan Reddy said a total of 10,752 cases of ceasefire violations have taken place along India's border with Pakistan in the last three years, in which 72 security personnel and 70 civilians were killed.(AP)
In written response to a question in Lok Sabha earlier this month, Union Minister of State for Home G Kishan Reddy said a total of 10,752 cases of ceasefire violations have taken place along India's border with Pakistan in the last three years, in which 72 security personnel and 70 civilians were killed.(AP)

J&K border residents thank PM Modi, Khan for ceasefire agreement

ANI
PUBLISHED ON FEB 27, 2021 02:32 PM IST
Several residents around the tumultuous area have suffered due to tensions between the two countries, and many have lost limbs, eyes, and other body parts.
Close
SHARE
Story Saved
OPEN APP