Home Business China is a minor investor in India and views it as a...

China is a minor investor in India and views it as a market to sell

Chinese made products are ubiquitous to be sold in India but investments by Chinese companies into India are very small.

For Long China has viewed India as a market to sell its product. While in terms of investments, China occupies a small place in terms of investments in Indian companies and startups.

While India has viewed China as the centre of manufacturing in the world, driven by top-notch infrastructure, state supports.

In the year 2000, Indian manufacturers were trying to set up factories in China to tap the advantages it gives.

A Decade ago, Indian automobile company Sundram Fasteners set up a factory in Wuyuan town in China, local authorities named a road in the town after this Chennai headquartered company appeasement.

As of 2018, Indian companies had invested $1.09 billion in China

Initially, foreign direct investment from China to India was predominantly by state-owned companies investing within the infrastructure space. Over the last 10 years, however, this has began to change with China’s reputation as a technology superpower growing.

Chinese tech giants like Baidu, Alibaba and Tencent started investing in fledgling Indian companies. consistent with data from technology research firm Tracxn, 28 Chinese corporates have invested in Indian startups since 2010. Leading them are Tencent and Xiaomi.

Tencent, as an example , has 16 Indian companies in its portfolio, including the unicorn startups—those valued at quite $1 billion—Byju’s, Dream11, Flipkart, Hike, Swiggy and Udaan. Other companies during which it’s a stake include Ibibo Group, KhataBook, MyGate, NewsDog and Practo. All of those companies are visible and flag bearers of the Indian startup ecosystem.

Another set of investors are Chinese risk capital (VC) firms, and 41 of them have invested into Indian startups. Shunwei Capital leads with 16 portfolio companies (Cashify, Chalo, Clipapp and KrazyBee, to call a few). it’s followed by Swastika, with 12 companies (including HelloDhobi, InstaCar, Makkajai, Pickrr and Pocketin).

In all, these 69 Chinese companies and VCs have invested in 104 Indian startups. within the overall Indian startup landscape, that’s alittle patch. Only 17 of those companies and VCs had quite one company from India (chart 2). consistent with Tracxn’s India Tech Annual Factsheet 2019, till the top of last year, 6,114 Indian startups had received funding. Unlike trade, investment in India may be a small space for China thus far .

Latest

INSTAGRAM Launches TikTok Alternative REELS in India Today

INSTAGRAM Launches TikTok Alternative REELS in India Today at 7:30PM Instagram has launch TikTok Alternative called Reels today...

Rajasthan Board 12th Science Result Delared, result link

Rajashtan Board 12th Science Result 2020 Today Rajasthan Board has declared class 12th science exam results on their official...

Motorola Moto G 5G Plus Launched: Specs, Pricing

Motorola Moto G 5G Plus Motorola launched the Moto 5G in the UK and Europe on 7 July,2020....

Global Oil Price dips as US inventory build stokes supply fears

Global Oil Price dips as US inventory build stokes supply fears Global Oil price eased in morning trade on...

ICIC Bank has decided to reward its 80,000 staff with salary hike up to 8 percent

ICICI Bank to reward 80,000 employees with up to 8% pay hike for working during COVID-19 The country's second...