acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Reuters — 2023-07-22
Automotive Industry
India has rejected Chinese automaker BYD Co's proposal to set up a $1bn factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday.
Reuters reported this month that BYD had submitted a $1b investment proposal to build electric cars and batteries in India in partnership with a local company.
Reuters could not independently verify the contents of The Economic Times' report.
India's Department of Commerce, Department for Promotion of Industry and Internal Trade (DPIIT) had sought opinions from other departments on the investment proposal, the report said.
"Security concerns with respect to Chinese investments in India were flagged during the deliberations," the report quoted an Indian official as saying.