"China rakes up India’s ban on apps, FDI curbs at WTO"
China has raised issues on Indian checks on the cross borders and ban of 200 apps. It shows the "deep concern" of Indian company has takeover after covid 19.
The remarks were made during a conversation on India's exchange strategy at the WTO.
“We would express our deep concern on the recent revised FDI policy, namely Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current Covid-19 pandemic, which applies to countries sharing land borders with India, or where the beneficial owner of investment into India is situated in or is a citizen of any such country. Such measure is not consistent with WTO non-discrimination principle and will surely affect business interests both of India and these countries,” China said.
China says it acknowledges India's spirit of competition and through make in India and digital marketing.
“Non-discrimination at WTO is in relation to goods and services only. India’s decision may be discriminatory but not WTO- inconsistent. There is a security threat from China and India is free to make any such domestic policy decision,” said Jayant Dasgupta.