[shripadk]

> there is already an Enemy Property Act, 1968 to more or less support grabbing Chinese investments

No. The Enemy Property Act, 1968 is specifically made for Pakistani Nationals after the 1965 Indo-Pak War. It is not generic. To declare China as an Enemy a proper War should take place between India and China. Is China ready for such a misadventure?

[kranner]

The Wikipedia article is incomplete on the topic. The act applies to Chinese owned properties as well.