CAIT Urges Government To Examine Chinese Investments In Indian Startups

Trader’s advocate CAIT (The Confederation Of All India Traders) has requested the Indian government to examine the Chinese investments in Indian startups.The main purpose of this request is to determine the Chinese investors and the company’s control in the Indian startups.

CAIT has submitted the list of 141 famous Indian startups claiming these startups having significant Chinese investments.“It looks like a planned strategy by various Chinese companies to acquire vital data of Indian people and an exercise in the direction to dominate various Indian economic centers by virtue of their investments. Therefore, an immediate direction for an in-depth investigation into the working and business module of Indian startups covering the above-mentioned concerns is all the more necessary,” the CAIT said in the letter.

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