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Unverifiable
unverifiable

CLAIM ID

73b8b971

Indian government to clear 45 investments from China after easing in border tension.

Apart from the Reuters report, there is no independent report which says that the Indian government would clear 45 investments from China.

Apart from the Reuters report, there is no independent report which says that the Indian government would clear 45 investments from China. According to an article published in Reuters, unnamed sources from the government told them that India would clear 45 Chinese investment proposals that include Great Wall Motors and SAIC Motor. The move would come as military tensions between the two countries eased at the disputed border. Since 2020, the proposal has been on hold due to Chinese forces' alleged attacks in the western Himalayas.

About 150 Chinese investment proposals of over $2 billion are pending. Japanese and American companies that managed their investments through Hong Kong have also been affected as the home ministry has increased their scrutiny of such proposals. Two government sources, according to Reuters, reviewing the list, revealed that most of the 45 early adopter companies are in the automotive industry, which is not sensitive to defense. Reuters added two other industry sources that said the Great Wall and SAIC's proposal would probably be on the list.

The additional plan is to divide more than 150 Chinese investments into three categories based on national security risks. According to consultants and lawyers, sectors such as the automotive, electronics, chemical, and textile industries have been seen as non-sensitive and be approved fast, while computers and finance are considered sensitive would be reviewed later.

However, only Reuters so far has reported on the story. Although there is no reason for Reuters' information not to be reliable, Logically cannot corroborate the story as the sources mentioned are anonymous; therefore, we conclude that this claim is unverifiable. We will be updating this claim if new information comes to light.

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