India may review stance on Chinese investments to help firms relocate: Report

BENGALURU: The Indian government may review its stance on Chinese investments to help global firms looking to relocate to the country, CNBC-TV18 reported on Friday, citing government sources.

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world’s second largest economy grapples with a surge in COVID-19 infections.

Multinational companies are keen to pursue manufacturing in India, but want to continue existing Chinese joint ventures, CNBC-TV18 reported.