Forbidden no more: India begins OKing Chinese proposals

New Delhi: An inter-ministerial panel has cleared five-six investment proposals in the electronics manufacturing sector, which include some pure-play Chinese companies and others with connections to the neighbouring country, people familiar with the matter said.

The development is significant as these are among the first such approvals in recent times given border tensions and the scrutiny that investments from China have been attracting in India.

Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake.