India's finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts, two sources said, as New Delhi seeks to revive commercial ties in an environment of eased diplomatic and border tensions.
Breakdown
- India plans to end restrictions on Chinese firms bidding for contracts
- Curbs were imposed in 2020 after a deadly border clash 6s
- Chinese firms were effectively banned from $750 billion in contracts 17s
- Decision to lift curbs rests with Prime Minister Modi's office 29s
- Move follows requests due to shortages and project delays 1m 3s