India Considers Easing Five-Year Restrictions on Chinese Firms for Government Contracts
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India Considers Easing Five-Year Restrictions on Chinese Firms for Government Contracts

India's Finance Ministry is reportedly considering lifting five-year-old restrictions that have largely barred Chinese firms from government contracts. Implemented in 2020 after a border clash, these curbs required Chinese bidders to obtain security and political clearances, effectively disqualifying them from contracts worth billions. The potential policy shift aims to address project delays and equipment shortages, with a final decision pending from Prime Minister Modi's office. A high-level committee has recommended easing these restrictions.

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