Advice to Indian businessmen - be careful in business with Chinese; more problems in these provinces

India has been advised to take adequate caution while doing business with Chinese entities. The Indian Embassy in China has updated the business advice for those small-medium Indian enterprises (SMEs) who are doing business with Chinese companies. The embassy had to give this advice after the problems faced by Indian companies in China on a regular basis.

The Indian Embassy in China has advised Indian companies to pay attention to the attachment documents as well and be careful while dealing with Chinese entities. He said the embassy has received complaints about many problems faced by Indian companies on business with Chinese entities in China. In such a situation, the advice of the Indian Embassy will be very useful. It has also advised Indian companies to give written notice to the Indian Embassy before doing business with Chinese companies. The embassy has also issued advisories in large transactions. Most of the dispute cases were seen in Shandong, Hebei, Guangdong, Jiangsu, and Zhejiang provinces. Agency

The Indian Embassy in China said Annex 1 contains a list of typical problems faced by Indian companies. It also contains a checklist of precautions. Annex 2 contains descriptive details. Annex 3 of the specific methodology adopted by Chinese entities contains a list of Chinese entities involved in business disputes with Indian companies from 2009 to April 2024.

The embassy recommended that before doing business with any Chinese entity, Indian companies should write to the Indian Embassy or the Indian Consulate in Shanghai. Indian companies were advised that they should keep the resident identity cards of the owner of the Chinese entity and other responsible interlocutors with Chinese companies.