Banned in US, PLA-linked firms functioning in India
A few days ago, the Competition Commission of India (CCI) allowed the merger of Sinochem Group Company Ltd and China National Company Corporation Ltd. In India, Sinochem and ChemChina compete for the sale of formulated crop protection products like herbicides, insecticides, fungicides and bio-stimulants in India.
Early this year, China’s largest mobile operator, China Mobile Communication Group, had held early-stage talks with telecom service providers Bharti Airtel Ltd and Vodafone Idea Ltd to jointly develop a cloud network here as the Chinese telecom joint was keen to enter the Indian market.
Inspur group, which is China’s leading cloud computing, is operating in India through its subsidiary, Inspur Technologies India Pvt Ltd. Another company on the list, Hikvision, operates in India under the name of Prama Hikvision Indian Private Limited.
CRRC Corp had opened its first joint venture manufacturing plant in India in August 2016, named CRRC Pioneer (India) Electric Co Ltd, which is housed in Bavo Industrial District, Haryana. It was the first foreign company to set up a rail vehicle assembly plant in the country.
China Telecommunications Corporation’s subsidiary in India is listed as China Telecom (India) Private Limited and it was incorporated on 8 November 2012 and it is involved in “Legal, accounting, book-keeping and auditing activities; tax consultancy; market research and public opinion polling; business and management consultancy”.
New Delhi: The United States has added new companies on the list of those which it considers as “Communist Chinese companies” and has found evidence that
www.sundayguardianlive.com
www.scmp.com
