भारत सरकार, वित्त मंत्रालय

Finance Minister Nirmala Sitharaman has said that the Government of India has 54 investment proposals pending from China. These proposals are from last year and this year. Investment rules from India's border countries are strict and the finance minister has also said that there is no intention to relax them. Such regulations are also necessary to protect domestic companies from aggressive takeovers and for national security. But the question is why investment proposals should be kept pending for a long time when there are rules.

China's trade surplus with India has so far exceeded one trillion dollars in this century. Last year's account is about one hundred billion dollars. The current economy of India is about three trillion dollars. Our dependence on imports from China is increasing. We are in BRICS and Shanghai Cooperation Organization with China. Both countries live together in the World Trade Organization and the Climate Conference.

In this background, investment from China should be encouraged. The first thing is that China has cash and the second thing is that a part of that money from investment will remain in India, which by the way goes to China as a trade surplus. We should ask China to invest a good portion of the surplus in India. The cooperation between the two countries at the international level should also be reflected in the bilateral relations. This will benefit both and reduce mutual tension. Cynophobia spread like an epidemic in the country will also decrease.