Time to re-negotiate equations with China: Swadeshi organisations to govt

NEW DELHI: The Centre is reaching out to different units of the Sangh parivar on changes essential for post COVID-19 economy, even as the labour and economic wings of the RSS have firmed up their pressure strategy to urge the government to “rethink its policy of Chinese investments.”

This comes a day after the government brought in stricter measures to curb the ‘opportunistic takeover’ of Indian companies by firms in neighbouring countries, including China. The government has said that an entity of a country which shares a land border with India can invest only after receiving government approval. Both Swadeshi Jagran Manch and Laghu Udhyog Bharti of the Sangh parivar that look into economic issues, have asked for tighter scrutiny of investments from China, curbs on angel investments from China and specific markers for Chinese investments in green field projects. The organisations have also said notwithstanding the possibility of Japanese and American firms looking at India for shifting their companies from China to India, potential investors should not be promised royalties and the Indian market should be used as their export hub for supply to other markets.