India Open to Chinese Business Amid Tensions
India Open to Chinese Business Amid Tensions

India Open to Chinese Business Amid Tensions

News summary

India's External Affairs Minister S. Jaishankar declared that while India is open to business with China, it is crucial to determine the appropriate sectors and terms for such engagements. This nuanced stance comes amid strained relations following deadly 2020 border clashes, leading to tightened scrutiny on Chinese investments and halted projects. Despite these tensions, Indian officials, including Finance Minister Nirmala Sitharaman, have shown support for increasing Chinese investments, particularly in non-sensitive sectors like solar panels and battery manufacturing. The latest economic survey suggests integrating into China's supply chain or promoting Chinese FDI as strategies to boost India's exports. Diplomatic and military dialogues to resolve the Himalayan frontier standoff have progressed slowly, and India is considering easing visa restrictions for Chinese technicians to facilitate investments.

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