All FDI proposals from Chinese companies have been put on hold as India attracts investment and China draws global hostility.
The government of India has effectively put into place a system of checks and balances with a view towards thwarting Chinese FDI into India and by all accounts these safeguard measures and making Beijing feel the pinch.
The Chinese investment proposals that are currently on the table are being vigorously stress tested by the Ministry of Home Affairs with as many as 175 applications awaiting approvals. The new FDI rules put into place are acting as a strong deterrent towards blocking Chinese investment into India via a third country as it has become evident that some investors want to avoid scrutiny.
As a result of these stringent measures FDI inflow into india from Chinese companies are at a six-year low but government officials have now shone the light stating that China accounts for just 0.5% of FDI inflow into India and given that most Chinese companies have entered India by taking a surrogate approach - using another country - it does not illustrate official numbers. Gateway House, a think tank estimated that China's investment in India accounted for around $6.4 billion with at least $4 billion earmarked for tech which makes it lower than Singapore, Mauritius, US, UK, Germany, Netherlands and Japan.
So, in most part, China's investment into India is a problem that can be contained as India reinvigorates its own economy and drives home the concept of Atma Nirbhar Bharat.