Monday, November 29, 1999

Ramesh bats for Chinese investment

News posted by www.newsinfoline.com

India should be 'much more relaxed' in its approach to Chinese investments into the country and get rid of 'needless' restrictions, Environment Minister Jairam Ramesh said, adding 'we are imagining demons where there are none.'Ramesh's comments came today in the context of recent reports that India had barred import of telecom equipment from major Chinese firm Huawei, especially in the border areas following security concerns.Suggesting that India should be more open and receptive to investments and technology from the neighbouring country, Ramesh said the spirit of cooperation evolved at the Copenhagen Climate summit between the prime ministers of the two Asian giants should be taken forward.Ramesh said the "overly defensive and alarmist" approach in the security establishments in India which are raising telephone tapping concerns will not help in sustaining the Copenhagen spirit.

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