Thursday , October 21 2021

Modi government will give a befitting attack on Chinese investment, Dragon will no longer be able to hefty

New Delhi: India has taken a tough stance in this case after 20 Indian soldiers were martyred in a violent clash with China in the Galvan Valley. In the Cabinet Committee on Security (CCS) meeting held late at night, the army has been clearly told that it is free to take decisions in view of the situation. India stands on its stand that India will not tolerate any interference in its border. At the same time, there is a lot of resentment across the country due to the martyrdom of 20 soldiers. There is an appeal for the boycott of Chinese goods across the country. In the situation between the two countries, Chinese companies that have invested in Indian startups can be at a disadvantage. The Narendra Modi government at the center can also take some big steps at this time.

 

35 Chinese Army casualties in a violent skirmish with Indian Army: Reports of confrontation between Indian and Chinese soldiers have been reported in the case of the infiltration of US intelligence. At the same time, the situation has worsened. Significantly, in the last 45 years, there have been violent clashes between the soldiers of India and China. According to sources, in the US intelligence reports, there have been 35 casualties of the Chinese army in a violent clash with the Indian Army.

In many of the country’s famous start-ups, Chinese companies have made investments
, unlike the constant attempts to infiltrate the Indian border, China has already infiltrated into India’s economy. In fact, many Chinese companies have made a significant investment in many of India’s well-known startups and are making big money from here. Many Chinese companies making smartphones and accessories are making significant profits in India. Not only this, but he also has a good market share in some sectors.

These Chinese companies have invested in Indian startups.
Ant Financial, the company of Alibaba Group, the company of Chinese businessman Jack Ma, has invested money in many big startups in India. Alibaba Group has invested millions of dollars in many startups like Paytm and Snapdeal. According to the data, Alibaba Group has invested about $ 2.7 billion in about 7 companies in India. Another big Chinese company Tencent (Tencent) has also invested in startups like Flipkart, Swiggy, Account Book, MyGate, PolicyBazaar, Ola and Udaan in India. Let us know that Tencent, the company that operates the messaging app WeChat, has invested in about 15 startups in India. Tencent has invested $ 2 billion in all these startups.

Shunwei Capital has invested in Jomato, Meesho and Sharechat startups in India. Shunwei Capital has invested $ 129 million in nearly 17 startups in India. China’s investment company Fosun Group has also invested $ 85 million in about 12 startups in India. Hillhouse Capital has also invested substantially in India. Chinese smartphone maker Xiaomi has invested in startups like Sharechat and Krazybee in India.

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