“…First of all, especially in recent years, both India and China have invested heavily in resource extraction. In the oil sector, this is typically carried out by large state-owned enterprises (SOEs) such as Sinopec, CNPC and CNOOC as far as China is concerned, and by state-owned (OVL, Indian Oil) as well as private sector companies as far as India is concerned (CII & WTO, 2013, p. 52; Gieg, 2010, p. 64; Verma, 2013). While government-owned corporations are also dominant regarding Chinese investments in the mining sector, there are considerably more private-owned multinationals involved on the Indian side.…”