Alibaba Suspends Investments In Indian Startups As FDI Rules Complicate Deals

Alibaba Group is reportedly close to hitting pause of further investments into Indian startups and businesses. According to a Reuters report, the Alibaba Group is among several Chinese investors who have had to rethink their investments in India after the Narendra Modi government amended the foreign direct investments (FDI) rules for countries that share a land border with India.

The rule, which sought to take all Chinese investments through the government route, has rankled feathers and many have speculated that Indian startups will end up losing out on funding thanks to the increased scrutiny and potential bureaucratic red tape. As a result, many Chinese investors have reviewed their ongoing deals in India.

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