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Opening doors for China? Finance Ministry mulls allowing Chinese firms to bid for government contracts: Report

The Centre is reportedly considering rolling back rules that have kept Chinese companies out of government contracts since 2020, signalling a possible reset in commercial engagement as diplomatic and border tensions ease. According to two sources cited by Reuters, finance ministry is working on a proposal to eliminate limitations that forced Chinese bidders to register…

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India–China trade ties: Chinese goods set to re-enter Indian markets — Why government is allowing it?

Chinese goods are set to re-enter Indian markets after nearly four years of stalled clearances triggered by tensions with Beijing.The government is working to quickly process pending applications from local companies seeking to bring in electronics components, footwear, everyday household items, steel products, raw materials and other finished goods. These imports require mandatory certification of…

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FDI policy rejig: Centre seeks views on allowing inventory-based e-commerce for exports; DGFT, DPIIT examining proposal

The Commerce and Industry Ministry has circulated a proposal seeking comments from various central government departments on allowing foreign direct investment (FDI) in the inventory-based model of e-commerce, but only for export activities, PTI reported citing an official.The proposal, initiated by the Directorate General of Foreign Trade (DGFT), aims to boost India’s exports through the…

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