The investment exposure of Chinese companies in India over the last 17 years remains limited to a cumulative FDI inflow of US$ 1.63 billion as on July 31, 2017. The cumulative investment over the last 3 years has risen from a low of US$ 410 million in May 2014 to US$ 1.63 billlion in end July 2017 making China the 17th largest investor.Chinese tourists to India in 2016 totalled 2,51,313.By December 31, 2016, there were 53 Chinese companies registered with the Registrar of Companies of which 47 were active. Chinese companies have invested approx. US$ 2.37 billion in Indian companies from 2016 till July 2017 much of this from Akibaba, CTrip and Tencent. The companies include ViVo, Oppo, Lenovo, Huawei Technologies and TCL. Reliance Power and Reliance Communication have taken huge loans from Chinese institutions. RCom took US$ 1.93 billion from the China Development Bank in 2011 towards refinancing of spectrum fee and equipment import from Chinese vendors.  In 2012, Chinese banks agreed to lend US$ 1.18 billion to Reliance Communications to repay overseas convertible bonds for redemption in March 2012. In 2012, Reliance Power took US$ 1.1 billion financing from 3 Chinese banks for the Sasan ultra mega power projects. It also took a US$ 2 billion debt from China Deveopment Bank in 2012. Indigo airlines entered into an agreement with ICBC for a US$ 2.6 billion funding to finance purchase of 30 aircraft. 

Subscribe to Newswire | Site Map | Email Us
Centre for China Analysis and Strategy, B-1/1073, Vasant Kunj, New Delhi 110011
Tel: 011 41017353