With the ongoing tension on the border between India and China, now the central government of Narendra Modi has started taking many tough measures against China at the economic level. After the ban on China’s 59 apps, now on Wednesday, Union Road Transport Highways Minister Nitin Gadkari also made a big announcement.
Gadkari said that Chinese companies will no longer be allowed to participate in highway projects in India and will also be barred if a Chinese company tries to enter highway projects through the joint venture. Apart from this, he said that the government will also ensure that Chinese investors are also banned in micro, small and medium enterprises (MSME sector).
The Minister for Road Transport, Highways and MSME said that a policy would soon be enacted to ban Chinese companies and relax regulations for Indian companies to expand their eligibility criteria for participation in highway projects. Currently some projects that were started long ago included some Chinese partners.
Gadkari said that for the upgrading of technology, research, consultancy and other works, we will encourage foreign investment and joint ventures in MSMEs, but in the case of China we will not give them due consideration.