India set to erect a Great Wall against Chinese companies

NEW DELHI: India is considering multiple, comprehensive measures to curtail the country’s economic reliance on China, targeting trade, investment and project services in the wake of border hostilities. These are likely to include restrictions on participation by Chinese companies in government contracts and infrastructure projects, higher tariffs on imported Chinese finished goods as also a closer review of free trade agreements that are being used by the country to export goods indirectly into India.

A high-level meeting, likely to be attended by key stakeholder ministers and top officials from the Prime Minister’s Office (PMO), is expected soon to discuss the details and the extent of measures, government officials told ET.