No plans to deny security clearance to Chinese investment: MHA

No plans to deny security clearance to Chinese investment: MHA

NEW DELHI: India has no plans to put any barrier on Chinese investment in the country by going slow on security clearance given to companies from that nation, notwithstanding the ongoing Sino-Indian border row.
A Home Ministry spokesperson said the issue of putting on hold security clearance given to Chinese investment was “not under any consideration”.
“It is not under any consideration. Such issues are dealt with great deal of maturity by the concerned agencies at the appropriate level,” he said.
The spokesperson was replying to a question on whether the government was mulling going slow in giving security clearance to Chinese companies intending to investment in India in the wake of border stand off near Sikkim.
The home ministry is the nodal authority to provide security clearance to foreign investment under the National Security Clearance Policy.
According to the data provided by the Ministry of Commerce and Industry, China has invested USD 1.64 billion (Rs 10,094 crore) during April 2000 and March 2017.
Chinese companies have invested mostly in telecom, power, engineering and infrastructure sectors.
Several Chinese companies have also shown interests to set up industrial parks in the country.

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