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India to give a 'power' blow to Chinese firms soon

from The Economic Times

India will soon bar Chinese power companies from projects in the power sector on security concerns after a policy that will define new conditions for foreign firms eyeing the multibillion-dollar market in one of the fastest growing major economies in the world. A formal office memorandum, expected in a month, will insulate the power transmission sector from companies based in countries that do not allow Indian entities in similar projects, a senior power ministry official told The Economic Times. The restriction will be gradually extended to the power generation and distribution sectors as well. more


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