No JVs with Chinese Cos. For Highway Projects
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said amid border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like Mic
Published -
Jul 2, 2020 6:00 AM
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said amid border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like Micro, Small and Medium Enterprises (MSMEs). The senior minister's assertions assume significance against the backdrop of border standoff between India and China in Ladakh that also saw the death of 20 Indian Army personnel last month. Amid escalating tensions, the government on Monday banned 59 apps, mostly having Chinese links, citing threats to national security. The Road Transport, Highways and MSME minister said a policy will be out soon banning Chinese firms and relaxing norms for Indian companies to expand their eligibility criteria for participation in highway projects. With respect to existing tenders and future bids, Gadkari said rebidding would be done if there are any Chinese joint ventures.
Tags : INTERNATIONAL