A new approval route, no WTO rules breach: India on Chinese investment block.

India does not consider that it has acted in contravention to WTO rules as it has only specified a different approval process for investments from countries with which it shares land boundaries including China, highly placed sources told ET.

All India has done is to put Chinese investments through government route instead of automatic route, ET has learnt.

China has itself put restrictions for entry of firms including from India -- IT and pharmaceutical besides other sectors from other countries in its own interests. India has raised with China in the past both at political level as well as level of industry restrictions of market access.

Source: The Economics Times