India is “open” to investments from China, a senior government official has said, despite New Delhi’s crackdown on Chinese manufacturers and mobile applications, and recent reports that some investment proposals from mainland companies have stalled. The claim by Rajeev Chandrasekhar, minister of state for electronics and information technology, comes as India seeks to capitalise on global supply chains’ in a pivot away from China, wooing suppliers to multinational companies such as Apple.
“Is India open to doing business with Chinese companies?” Chandrasekhar asked in an interview with the Financial Times. “Of course we are.”
India has banned more than a hundred Chinese social media, lending and other apps, including TikTok, over the past three years, citing data protection and privacy concerns.