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Reuters

India plans to scrap curbs on Chinese firms, sources say

Reuters · Recent
Reuters
Reuters
Recent

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