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India allows four Chinese-linked companies to bid on government projects

According to a government directive, India has permitted 'four Chinese manufacturers of power equipment with factories in the country' to participate in governmental tenders for critical 'power projects.

The order from the Indian Ministry of Finance, dated June 24, and reviewed by said, allows TBEA Energy to participate in tenders.

The document stated that India's Power Ministry?had requested the exemption in January of entities with manufacturing units located in India involved in critical energy projects.

In January, it was reported that India is looking at a broader relaxation of the rules for Chinese bidders to win government contracts.

New Delhi requires that Chinese bidders register with the government panel, and obtain political and security clearances before they can compete for state contracts.

India is accelerating its expansion of its transmission system to meet the rising demand for?electricity and renewable energy.

The order stated that the exemption was valid for a period of two years from the date it was issued and should not be viewed as a precedent by other companies. (Reporting and editing by Christian Schmollinger; Sarita Singh, Sethuraman N.R.

(source: Reuters)