As India-China tensions continue despite the efforts being made to resolve the border issue, the government has said that as many as 80 Chinese companies are actively doing business in the country.
Replying to a question in Rajya Sabha regarding the restrictions on Chinese firms from doing business in the country, Minister of State (MoS) for Finance Anurag Thakur said that 92 Chinese companies are registered in India at present out of which, 80 companies are having the status of 'active' at present.
Thakur added that adequate rules are in place and all companies are required to ensure compliance with them. He further informed that the Foreign Direct Investment (FDI) is regulated by the Reserve Bank of India and, except in some sectors including defence, space and atomic energy, it is allowed with the government's permission.
Notably, the government had banned at least 59 apps belonging to Chinese companies last year including the popular short video platform TikTok and RPG game PUBG. The decision was taken citing security concerns over these apps in the aftermath of the Galwan Valley incident in eastern Ladakh.
The government has also issued fresh notices to make the ban imposed on video app TikTok and 58 other Chinese apps in June permanent, several media reports have claimed. When India first imposed the ban, the government gave the apps a chance to explain their position on compliance with privacy and security requirements.
The companies, which include TikTok, Tencent Holdings' WeChat and Alibaba's UC Browser, were also asked to respond to a list of questions, reports said.
"The government is not satisfied with the response/explanation given by these companies. Hence, the ban for these 59 apps is permanent now," business newspaper Livemint quoted a source familiar with the notices as saying. It said the notices were issued last week.
