India Not Encouraging FDI From China

China stands at 22nd position with only 0.37% share ($2.5 bn) in total FDI equity inflow in India from April 2000-March 2024

- OUR CORRESPONDENT

NEW DELHI: India does not intend to encourage foreign direct investments (FDI) from China, Commerce and Industry Minister Piyush Goyal said on Friday, indicating New Delhi's intentions of not easing overseas investment curbs imposed on the neighbouring country in 2020.

FDI applications from countries sharing land borders, such as China, have to mandatorily seek government approval for all sectors. This policy was issued in April 2020.

"As of now, there's hardly any foreign direct investment from China. It was the same 25 years ago when it (FDI) was open (from China), not too much Chinese investment has come to India. Nor are we encouraging any significant investment coming in from China at all. At the moment, that is the policy," Goyal said here at an event.