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Government soon to take a view on putting China in ‘concern’ list

PTI 05 Apr 2016, 22:10:52 IST
PTI

New Delhi: Government is likely to take a view soon on whether to put China again in the list of country of concern as it blocked Indias bid to have JeM chief Masood Azhar designated terrorist by the UN for his involvement in the terror strike at the Pathankot airbase.

Upset over the action by the China, a meeting will soon be convened to examine the possibility of revisiting the decision to remove China from the list of country of concern, official sources said today.

The removal of China from the list led to faster security clearance to Chinese investment in India. Pakistan is another country which is in the list of country of concern.

The security establishment is considering a review of the liberalised investment regime being offered to Chinese investors after Beijing snubbed India by blocking its latest bid to have Masood designated terrorist by the United Nations.

Official sources said the view in the security establishment is that security clearances given to Chinese companies should be reviewed after Chinas action in the UN on Indias bid in the wake of terror strike at the Pathankot airbase.

Read Also: China will pay a heavy price for blocking India’s bid to designate Masood Azahar at UN: India

The Indian security establishment feels that China has shown insensitivity as far as core security issues relating to India are concerned.

Around 25 Chinese companies were given security clearance by the government in the past two years for setting up industrial projects mostly in power, telecom, railways and infrastructure sectors.

According to Department Of Industrial Policy and Promotion (DIPP), India had received Rs 3,066.24 crore investment from China in 2014-15 and Rs 2,196.11 crore in 2015-16 (up to September 2015).

As per DIPP records, the Chinese companies which have invested in India in last 15 years were Saic General Motors Investment Ltd, Beiqi Foton Motors Co Ltd, Tbea Sheyang Transformer Group Ltd, Cina Steel Corporation, Boasteel Resources Co Ltd, Gaungxi Liugong Machinery Co Ltd, Shanghai Hitachi Electrical Appliances C, Xiangfen County Hongda Group Cement & BL, Dongfang Electric Corporation Ltd and ZTE Corporation.