Amid continued tense situation at Line of Actual Control (LaC) at China border, Minister of State for Finance Anurag Thakur informed the Rajya Sabha that 80 Chinese companies are actively doing business in the country and while there are 92 companies registered.
On question about restricting the Chinese companies, the government said that the rules are already in place and all companies will have to comply to the same.
The government has already banned 59 Chinese apps including the TikTok.
The government also informed that the FDI is regulated by the RBI and except in some sectors including defence, space and atomic energy, it is allowed with permission of the government.
Earlier in the Cabinet Committee on Security meeting on December 24, the government approved the National Security Directive on the telecommunication sector.
The move to create a secured national network would restrict the use of Chinese equipment by telecom operators in future 5G networks.
India and China have been engaged in a nine-month long standoff along the Line of Actual Control. Despite several levels of dialogue, there has not been any breakthrough.