Centre eases approval process for Chinese FDI

China is facing steepest tariffs under Trump policy

- Mukesh Jagota New Delhi, June 1

The government has streamlined procedures for clearing foreign direct investment (FDI) proposals from Chinese companies, significantly reducing the time taken to process such applications, a senior official said.

"The meetings of the inter-ministerial committee (IMC) headed by the home secretary that takes a call on FDI applications are happening regularly to ensure that, within the laid-down guidelines, these applications are decided on," the official, who did not wish to be named, stated.

With the global trade landscape being reshaped by the policies of US President Donald Trump — under which China faced the steepest tariffs — Chinese firms are increasingly seeking new investment destinations.