Amid the ongoing tension between India and China, Government on Wednesday said it has no plans to put road blocks on Chinese investment in the country.
A spokesperson of the Ministry of Home Affairs (MHA) said the government has no intention of slowing down on giving security clearance to Chinese companies in the wake of the latest border row near Sikkim.
As per official statistics, China has invested USD 1.64 billion (Rs 10,094 crore) during April 2000 and March 2017, mostly in telecom, power, engineering and infrastructure sectors. The MHA is the nodal ministry that provides security clearance to foreign investment.
"It is not under any consideration. Such issues are dealt with great deal of maturity by the concerned agencies at the appropriate level," the spokesperson said when asked whether the government was planning to go slow on giving security clearance to Chinese companies.
As per the National Security Clearance Policy, the government has fixed around 15 parameters in nine sensitive sectors like telecom, ports and civil aviation for allowing foreign investment.
A senior official said such incidents would not have major impact on investments and the government does not function this way. There are efforts to calm down tension and what is the need for such drastic steps, the official said.
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