New Delhi, 27th April: India has changed its Foreign Direct Investment (FDI) rules on 18 April and has decided to block Chinese Investments that has led to a mini earthquake in the Sino-Indian investment corridor. “If India doesn’t want Chinese money,’’ said the executive of a venture capital fund in Beijing, “then more money will go to another country.” The Chinese businessman has already had other options in mind for business ventures. India has blocked the automatic route for investments from nations that share a land border to prevent “opportunistic takeovers/acquisitions” of vulnerable Indian companies as stock markets plunge during the coronavirus pandemic. The policy barrier against the dragon was raised soon after China’s central bank, the People’s Bank of China (PBC), raised its stake in housing finance major Housing Development Finance Corporation (HDFC) from 0.8% to 1.01%. Pakistani Wagon R vs Indian Wagon R Several European countries, including France, Australia, and Germany have taken recent measures to protect undervalued companies from China, the one and only target. As per unconfirmed sources, Indonesia, Thailand, Vietnam, and the Philippines and parts of Africa could benefit from the diversion of Chinese tech funds from India. China has been India’s fastest-growing source of … Continue reading India suddenly not interested in the Chinese Investors!