The Centre on Wednesday that it held no discussion to decline security clearances to Chinese firms investing in India as a possible fallout of the ongoing stand-off between the Chinese PLA and the Army along the disputed Sino-India border.
A Home Ministry spokesperson said the issue of putting on hold security clearances to Chinese companies was “not under any consideration. Such issues are dealt with great deal of maturity by the concerned agencies at the appropriate level.”
The spokesperson was replying to a question on whether the government was mulling going slow in giving security clearance to Chinese companies intending to invest in India in the wake of ongoing border stand-off.
The Home Ministry is the nodal authority to provide security clearance to foreign investment under the National Security Clearance Policy.
A total of 14-15 parameters are fixed in eight to nine sensitive areas like telecom, ports and civil aviation etc.
The Ministry has also spelt out locations where foreign investment is not welcome such as those close to the border and vital installations.
