Centre not ready to allow EV, battery plant of China’s BYD: Report

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Centre isn’t ready to allow China’s BYD to set up an EV and battery factory in India in collaboration with Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL), The Times of India reported. The unwillingness is due to Centre’s stand to keep Chinese entities out of India over security concerns. Centre reportedly believes MEIL is a dummy entity in the deal.

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