Alarmed by the growing instances of fraud being committed by Chinese companies, to which Indian small and medium firms are falling victim, New Delhi has swung into action and has — for the first time — done an analysis on the types of trade disputes.
The government has also cautioned Indian companies against trusting business-to-business (B2B) sites before zeroing in on a Chinese partner. It has also asked the Indian missions in that country to help in establishing the authenticity of Chinese firms. There have been 66 disputes this year alone between January and July, the value of which exceeds $1.8 million. A majority of the disputes have taken place with companies based in Hebei province (29 cases) and Tianjin municipality (26 cases). The government is also circulating a list of 48 companies that committed fraud this year
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