According to a report in India’s Economic Times, China has offered to finance a large portion of India’s infrastructure development via loans. The investment would amount to 30 percent of India’s planned infrastructure spending through 2017. For comparison, China contributed a mere 0.15 percent of India’s total FDI inflows between April 2000 and December 2013. India has in the past refused Chinese investment in critical infrastructure, particularly telecom and power, over national security concerns.