India to ban Chinese companies from highway projects

New Delhi: India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said amid border standoff with China.

Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like Micro, Small and Medium Enterprises (MSMEs).

The minister's assertions assume significance against the backdrop of border standoff between India and China in Ladakh that also saw the death of 20 Indian Army personnel last month.

Amid escalating tensions, the government on Monday banned 59 apps, mostly having Chinese links, citing threats to national security.

"We will not give permission to joint ventures that have Chinese partners for road construction. We have taken a firm stand that if they (Chinese companies) come via joint venture in our country, we will not allow it," Gadkari told in an interview.

The Road Transport, Highways and MSME minister said a policy will be out soon banning Chinese firms and relaxing norms for Indian companies to expand their eligibility criteria for participation in highway projects.

 

Asianet.in/Desk: Asianet Online