BANNED IN US, PLA-LINKED FIRMS FUNCTIONING IN INDIA
dia (CCI) allowed the merger of Sinochem Group Company Ltd and China National Company Corporation Ltd. In India, Sinochem and Chemchina compete for the sale of formulated crop protection products like herbicides, insecticides, fungicides and bio-stimulants in India. Early this year, China’s largest mobile operator, China Mobile Communication Group, had held early-stage talks with telecom service providers Bharti Airtel Ltd and Vodafone Idea Ltd to jointly develop a cloud network here as the Chinese telecom joint was keen to enter the Indian market.
Inspur group, which is China’s leading cloud computing, is operating in India through its subsidiary, Inspur Technologies India Pvt Ltd. Another company on the list, Hikvision, operates in India under the name of Prama Hikvision Indian Private Limited.
CRRC Corp had opened its first joint venture manufacturing plant in India in August 2016, named CRRC Pioneer (India) Electric Co Ltd, which is housed in Bavo Industrial District, Haryana. It was the first foreign company to set up a rail vehicle assembly plant in the country.
China Telecommunications Corporation’s subsidiary in India is listed as China Telecom (India) Private Limited and it was incorporated on 8 November 2012 and it is involved in “Legal, accounting, book-keeping and auditing activities; tax consultancy; market research and public opinion polling; business and management consultancy”.
The Executive Order, signed by Trump, had stated that the Chinese companies were financially helping the Chinese PLA. “The Key to the development of the People’s Republic of China (PRC) military, intelligence, and other security apparatuses is the country’s large, ostensibly private economy. Through the national strategy of Military-civil Fusion, PRC increases the size of the country’s military-industrial complex by compelling civilian Chinese companies to support its military and intelligence activities. Those companies, though remaining ostensibly private and civilian, directly support the PRC’S military, intelligence, and security apparatuses and aid in their development and modernization. At the same time, those companies raise capital by selling securities to United States investors that trade on public exchanges both here and abroad, lobbying United States index providers and funds to include these securities in market offerings, and engaging in other acts to ensure access to United States capital. In that way, the PRC exploits United States investors to finance the development and modernization of its military,” reads the EO.