India has recently made a major change in its FDI policy. Given the inappropriate take-over of many foreign companies from China, India has ensured that on the ground whatever limit is attached to India, it will have to seek the government’s permission before investing in India.
India has taken this decision because China, while introducing its sickening, imperialist mindset, dared to buy a stake in Indian companies. China has bought shares of 1.01 percent in HDFC, one of India’s leading banks.
After spreading the Wuhan virus worldwide, how China is introducing its colonial mentality to the world is not hidden from anyone. But there are many countries which are not ready to bow down before China under any circumstances.
In this regard, according to a release by the Department for Promotion of Industry and Internal Trade, it is found that a major change has been made in India’s FDI policy. India has ensured that whichever ground is connected to India, it will have to get the government’s permission before investing in India. In this way, India will not only control the oppressive policies of the dragon, but will also present a better image of India to the world
Earlier these rules were applicable to Pakistani and Bangladeshi companies. This decision is entirely focused on China, because at this time the biggest enemy of the whole world is China.
The FDI’s new rule laws are not limited to Chinese companies or the People’s Bank of China, but to entire China and other related claimants whose investment benefits China.
In such a situation, the new rule not only protects Indian companies from the bad moves of China, but also protects Chinese companies such as Alibaba and Huawei, who want to acquire companies of other countries for their benefit even in such a difficult situation.
Apart from this, this rule will not only prohibit those who meet the boundaries of India, but also those who are beneficiaries of any investment in India. That is, if a company invests in India, but China is directly or indirectly taking advantage of it, then it is possible to stop it. Thus, now any other case of Chinese investment in HDFC is almost impossible.
But India is not the first country to do such a thing. Germany, Spain and Italy, who were found to be the worst sufferers of this epidemic in Europe, have now opened a front against China.
The way the Wuhan virus has exposed the insidious move of China to everyone, India too has tightened its back, as soon as China moves, India will wrap it in the same way. Because even the Modi government has not fired any crude bullets, and they are ready to give a befitting reply to every traitor of China.