Sheng Jiapeng | CNSPHOTO | VCG | Getty Images
Chinese President Xi Jinping in addition to Indian Prime Minister Narendra Modi visit Daci’en Temple on May 14, 2015 in Xi’an, China.
If you go by official Indian government figures, Chinese direct investments into the country This specific century hit a paltry $1.6 billion in March 2017.
which’s a weak showing compared to President Xi Jinping’s 2014 promise to spend $20 billion over a few years in India, one of the fastest growing Asian economies.
although while there’s yet to be big bang investments accompanied by political fanfare, the Chinese have steadily in addition to quietly been investing in Indian companies over the past few years.
In fact, people in India who work closely with Chinese businesses estimate which China’s investments into the country could be at least a few times greater than official numbers.
“Chinese investments have doubled within the last two years. I have no reason to doubt which the idea will not continue as they have already tasted blood. If you are a Chinese company today having a limitless amount of capital in addition to you look at the whole world in addition to ask ‘where will be the big bet you can play?’ the answer will be India,” said Santosh Pai, a partner at Link Legal, a law firm with offices throughout India.
For his firm, Chinese clients are the growth drivers, in addition to since 2011 he has helped about 150 of them get a foothold within the Indian market.
Typically, investments come in coming from Chinese-owned companies based within the U.S., Singapore or elsewhere within the globe, in addition to therefore cannot be classified as “Chinese” investments. Also, official data only tracks investments made by companies based in mainland China in addition to not even those out of Hong Kong in addition to Macau, experts said.