The Confederation of All India Traders on Tuesday urged the government to keep a close watch on Indian companies. The main reason for this is the ban on Chinese investors from investing in startups in this country.
Currently, the anti-China movement has created a turbulent situation in India. In such a scenario, if the amount of Chinese investment in Indian companies increases, it will have an impact on the Indian economy and India's cyber security. For this reason, in a letter to the Finance Minister of India, Smt. This will make it clear that the amount of Chinese investment in any startup business is high. And whether the information collected from that startup is being smuggled to a Chinese company. As a result, the security of the country will be maintained.
Not only in the letter, the company also sent a list of startup companies to the finance minister which have a share of Chinese investors. The list of startups includes Flipkart, Paytm Mall, Paytm, Suigi, Ola, Oyo, Jomato, Polisibazar, BigBasket, Delivery, Make My Trip, Dream Eleven, Hike, Snapdeal, Flight, Lenskirt, Baiju Classes, and Citrus.
It has been seen that two big Chinese companies have invested in most of these apps. These two companies are Tencent and Alibaba. Meanwhile, companies like Paytm, Ola, Zomato and Make My Trip have not yet commented on the matter.