Heat 1 tbsp oil in a deep pan. Add ginger, garlic, and green chilies and saute until fragrant.
Now add the onions and bell peppers and cook over high heat until slightly scorched.
Now add MSG (optional) and cook for a minute.
Add soy sauce, vinegar, red chilly sauce, tomato ketchup, sugar, black pepper powder, and salt (if necessary). Saute well.
Now add the fried chicken pieces to this thick gravy and mix well.
Sprinkle finely chopped green onions.
If you want chilly chicken dry, then at this stage you can turn off the flame and transfer it to a serving bowl.
To make gravy, mix the corn starch and water and add to the chicken. Lower heat, let it come to a simmer, cook while stirring for a couple of minutes before turning heat off.
Serve with fried rice, chowmein, or steamed rice.