India is slated to relax restrictions on Chinese investments in sectors that are not very sensitive, Reuters reported. These include battery manufacturing and solar panels, two government sources informed the newswire.
The government envisages opening up sectors to Chinese investments in those areas that are deemed less sensitive from a security perspective, on source told Reuters on condition of anonymity.
Among the sources, one told Reuters that a decision would be taken on a case to case basis, adding that curbs on the neighbouring country’s investments in telecom and electronics will continue.
The newswire could not elicit responses from the PMO’s office, finance, trade and foreign ministries.
The plans, if confirmed, could unlock investments from Beijing worth billion of dollars that were blocked by India over the last four years, the newswire reported.