The Confederation of All India Traders (CAIT) has urged the Prime Minister Narendra Modi to order an investigation about investments made by Chinese Companies in various Indian start-ups.

The traders’ body also requested the centre to ensure that the data accrued by these startups is not being transferred to Chinese investors in any way.

Taking a lead on the critical subject, the CAIT has sent a communication to Union Finance Minister Nirmala Seetharaman, Information and Technology Minister Ravi Shankar Prasad and Commerce Minister Piyush Goyal urging them to ensure that there is no foul play is taking place under the garb of investment as Chinese companies invested heavily in many start-ups in India.

Some of the majors Chinese companies that has invested in Indian start-ups are Flipkart, Paytm Mall, Paytm .com, Swiggy, Ola, OYO, Zomato, Policybazaar, BigBasket, Delhivery, Make My Trip, Dream 11, Hike, Snapdeal, Udaan, Lenskart.com, Byjus Classes, Citrus Tech etc, it said, adding that Chinese Companies like Alibaba, Tencent and others are lead investors in many of these startups and as such it is to be ensured that no foul play is taking place under the garb of investment.

CAIT national president B C Bhartia and secretary general Praveen Khandelwal said that now that the Government has taken several decisive steps to implement in reality the clarion call of Prime Minister Modi for " Vocal on Local" and " Atamnirbhar Bharat", the Government has made its intentions very clear that India will go for " Self Reliant Bharat" under all circumstances which is quite laudable.  The CAIT also welcomed the government's decision to ban on 59 Chinese apps.