Expressing concerns over Chinese investment in various Indian companies, start-ups and digital apps, CAIT
said there is a need to take necessary action in this regard.
It said that Chinese investments in government projects and various sensitive construction works should be put under government scanner.
On the 78th anniversary of Quit India Movement, it said people across the country had come together under the leadership of Mahatma Gandhi to protest against the British Raj.
While releasing the agenda of the 'China Quit India campaign',CAIT Secretary General PraveenKhandelwal "urged the central government to carry out an all-round siege of China and its activities in India".
"Several Chinese companies have made large investments in Indian startups in sizable numbers, all such startups should be asked to exclude Chinese investors and the government should announce a lucrative policy to encourage Indian people to invest in these startups," he said.
Khandelwal also said that at least for the next three years, the provision of government's permission for any kind of business and industrial investment by China in India should be implemented immediately.
He further said that the imports from China should be closely monitored andhigher customs or anti-dumping duty should be imposed onthe goods that are being dumped or are non-essential imports.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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