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New Delhi, China, Folsom discussed on FT News - India and China in Bhutan standoff


There do seem to be some indications that authorities in new delhi are looking at various business deals and saying if china is so hostile to us and if we are in this situation where a large neighbour poses some kind of security threat to us should we be doing so much business with them so for example there is a deal the chinese company folsom has proposed a one billion dollar takeover of an indian pharmaceutical company gland that deal was announced a year ago the companies have been waiting for indian government permission to finalize the deal but indian government has indicated to investors that it has no intention of approving the steel they're not gonna say a formal no but they're not gonna say yes they're just going to run out the clock and let the deal die they don't feel comfortable giving it approval it does seem that they are looking at other sectors also were chinese companies are active and trying to look at should they come up with policies that put chinese companies under stricter regulation or perhaps limit them in sensitive sectors like telecommunications and i think how this plays out in delhi and with regard to the economic and trade relationship will very much depends on what actually happens at the border and how this stemmed of place out thank you amy cosmin in delhi and emily fang in beijing i'm ju it's nothing in delhi saying goodbye for now support for this financial times podcast comes from our friends at rocket mortgage by quicken loans chances are you're confident when it comes to your work your hobbies and your life rocket mortgage gives you that same level of confidence when it comes to buying a home or refinancing your existing home loan rocket mortgages simple allowing you to fully understand all the details and be confident you're getting the rate mortgage for you to get started gutter rocket mortgage dot com slash ft equal housing lender licensed in all fifty states nmlsconsumeraccessorg number thirty thirty.

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