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INDIA IS RELUCTANT TO INVESTMENTS FROM CHINESE FIRM BYD - Asiana Times

The Chinese Firm Build Your Dreams Auto Co., Ltd has decided to withdraw its proposed investment in its Joint Venture India of $1 billion to build electric cars after quite a Reluctance, hesitation and scrutiny from New Delhi. The scrutiny originated from the alleged security reasons concerning the planned investment by the Chinese Company in India from the Government Officials of Indian ministries of Finance and External Affairs.