“We will not give permission to joint ventures that have Chinese partners for road construction,” Union Minister Nitin Gadkari said.
The statement is passed by the Union minister amid the ongoing India-China border tension.
Gadkari also said the government will ensure that Chinese investors are not entertained in various sectors like Micro, Small and Medium Enterprises (MSMEs).
Earlier, the Indian Government banned 59 mobile apps amid the ongoing border tensions between India and China. The Indian government termed the banning of Chinese apps as prejudicial to sovereignty, integrity, defence of the country.
Presently, fewer Chinese companies are involved in India’s projects. However, the minister said upon this, the new decision will imply the future tenders as well as current tenders.
Gadkari said that there would be re-bidding for already existing Chinese joint ventures.
Gadkari added that Indian companies will not require to pact with foreign partners to have projects.
“Even if we have to go for a foreign joint venture in the areas of technology, consultancy or design, we will not allow Chinese,” the Minister said.
About the MSME sector, Gadkari said the effort is to enhance the capacity of local production but at the same time foreign investment is being promoted.
However, he made it clear that foreign investments will be encouraged but it will exclude China.
On stopping of consignments from China at Indian ports, the minister said there is “no arbitrary stopping of goods” at Indian ports and the government is initiating path-breaking reforms to help MSMEs and businesses in a bid to make the country self-reliant.
“It is a good step. The imports from China will be discouraged and the country will take large strides towards self-reliance,” the Minister said and added that he is among the strongest proponents of ‘Atmanirbhar Bharat’.
Gadkari said that he had urged departments concerned to expedite clearance of consignments which were booked two to three months in advance before the situation took its present shape.
After representation from a farmers and traders’ body that imported agriculture equipment consignments were delayed at ports, Gadkari in a letter to Finance Minister Nirmala Sitharaman and Commerce and Industries Minister Piyush Goyal had sought early clearance of the said consignments.
As per the reports, Chennai and Vizag port’s Custom authorities are scrutinizing the Chinese consignments very strictly.