Open to Chinese investments despite border clashes: Rajeev Chandrasekhar

India is open to investments from Chinese companies, Minister of State for Information and IT Rajeev Chandrasekhar said in an interview with Financial Times (FT) on Wednesday.

“We are open to doing business with any company anywhere as long as they are investing and conducting their business lawfully and are in compliance with the Indian laws,” Chandrasekhar told the FT, adding that India was “open to all investment, including Chinese”.

New Delhi ramped up scrutiny of Chinese businesses after a 2020 clash in the Galwan Valley between the two countries. At least 24 Indian troops were killed in the clashes. Since then, India has banned more than 300 Chinese apps, including TikTok. India has also intensified scrutiny of investments by Chinese firms.