Govt’s stand on Chinese investment unchanged- Piyush Goyal

NEW DELHI: Commerce Minister Piyush Goyal on Tuesday said there has been no rethink on the government’s stand on allowing Chinese investment and the views expressed in the Economic Survey do not represent the government’s views.

Replying to supplementaries in the Lok Sabha, Goyal said the government scrutinises Chinese investments and its stand in this regard has not changed.

During the Question Hour, Congress MP Gaurav Gogoi alleged that India has become dependent on China and quoted the Economic Survey, saying it supported getting foreign direct investment (FDI) from the neighbouring country.

Goyal hit back at the Congress, saying under the United Progressive Alliance (UPA) rule, India had become dependent on neighbouring countries.

“Under the Congress, imports increased from USD 4 billion to USD 40-45 billion, which is more than 10 times. In our term, the increase is only 2-2.5 times. We took steps to make India self-reliant,” the minister said.

“I am making a direct allegation against the UPA…Their name has changed, it is now the INDI Alliance…” he said.