New policy in FDI: China can't digest, says India - India is discriminating against us

New policy in FDI: China can't digest, says India - India is discriminating against us

New Delhi, Aug 20 (IANS) The Indian government has changed its FDI rules on imports from China. China could not easily digest it. It seems that India has banned investment from China. China says India is discriminating against China in this way. India's move is unconstitutional, according to the World Trade Organization.

Seeing that China is so fragmented, it seems that its intentions towards India are not right. The Indian government has said in a statement that the government needs to inform and get permission before investing. What's wrong with that? But China’s outrage has served to expose its wrong intentions.

What is this rule?

So far no one was able to send in the perfect solution, which is not strange, except for defense, telecom, media, pharmaceuticals and insurance. Now the government has amended the law to require that the country bordering India be approved by the government before investing in any sector in India.

Know more - http://www.prameyanews7.com/countries-china-says-it-violate-wto-principle-of-non-discrimination/

What the Chinese spokesman said

A spokesman for the Chinese embassy on Monday said India's new rules violate the WTO rules for direct investment with certain countries. It is against free trade. The official said the new policy was unanimous in its commitment to an independent, impartial, non-discriminatory and transparent environment for investment in the G20.

Notably, the rules that India has enacted apply not only to China but also to Nepal, Bangladesh, Pakistan, Sri Lanka, Myanmar and Bhutan. But the problem is only with China.