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As the United States sits in India’s bad books for its recent moves against outsourcing, Prime Minister Manmohan Singh’s government is laying a pathway for China to invest in the country’s roads and highways projects.
On Wednesday, India’s roads minister, Kamal Nath, on an official trip to Beijing, countered reports that the federal government has barred joint ventures for investments with China-based companies and said India was ready for Chinese investments in its massive highway expansion in all regions including the sensitive border areas of Jammu and Kashmir and the northeast.
Welcoming Chinese involvement hasn’t been the government’s stance in other areas. The Mint newspaper earlier reported that the government has forbid joint ventures with investments from China-based companies from participating in the ninth round of India’s oil and gas exploration and licensing auctions.
Continue reading on India Real Time
- AFP/Getty Images
- Prime Minister Manmohan Singh’s government is laying a pathway for China to invest in the country’s roads and highways projects.
Welcoming Chinese involvement hasn’t been the government’s stance in other areas. The Mint newspaper earlier reported that the government has forbid joint ventures with investments from China-based companies from participating in the ninth round of India’s oil and gas exploration and licensing auctions.
Continue reading on India Real Time
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