Commerce Minister Piyush Goyal ruled out the possibility of the government rethinking its decision to allow Chinese investment and asserted the the BJP-led government has controlled China and its investment.
Replying to supplementaries in the Lok Sabha, the minister said the Centre examines in close detail Chinese investments and its stand in this regard has not changed.
During the Question Hour, Congress MP Gaurav Gogoi claimed that India has become dependent on China and cited the Economic Survey, pointing out that it supported getting foreign direct investment (FDI) from China.
Goyal, however, hit back saying it was under the UPA rule that India became dependent on neighbouring countries.
"Under the Congress, imports increased from USD 4 billion to USD 40-45 billion, which is more than 10 times. In our term, the increase is only 2-2.5 times. We took steps to make India self-reliant," the minister was quoted as saying.
"We do not know what was that MoU (memorandum of understanding)with China. The trade deficit went up by 30 times under the UPA...," the commerce minister said.
"The investment that comes from China is checked, wherever we do not feel it is appropriate, it is stopped. Our policy remains the same, the chief economic advisor gave an advice," he said.
