India is not keen on allowing Chinese EV maker BYD to set up shop amid border tensions: Report

India is not keen on allowing Chinese electric vehicle maker BYD to set up shop in the country owing to security concerns, according to a report in the Times of India.

“There is discomfort in the home and external affairs ministries over the entry of Chinese players in the wake of the government’s stand to keep players from across the border out of the Indian market, given the security concerns around several of them. There are growing concerns in the government that many joint ventures “arranged” by the Chinese companies — some of which get state support — are “heavily weighed and controlled by the foreign partner”, while the Indian company is more or less a dummy entity, with not much control on technology, decision-making, and other critical know-how,” the Times of India claimed.