NITI Aayog Pushes for Softer Investment Rules for Chinese Cos

Recommends 24% stake without approval

- OUR CORRESPONDENT

Niti Aayog, the Indian government's top think tank, has proposed easing rules that de facto require extra scrutiny for investments by Chinese companies, arguing that the rules have meant delays for some sizable deals, Money Control reported quoting government sources.

Currently, all investments by Chinese entities in Indian companies need to gain a security clearance from both India's home and foreign ministries.

NITI Aayog has proposed that Chinese companies can take a stake of up to 24 per cent in an Indian company without any approval being required, Money Control said the sources were not authorised to speak to media and declined to be identified.