Need to take nuanced approach for FDI from China, says official

The government official said, Chinese applications can be expedited in areas where India needs to step up its manufacturing capacity

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There is a need to take a nuanced approach towards foreign direct investments (FDI) from China, and the government can consider FDI applications from Beijing in sectors involving high-end technologies like electric vehicles and batteries, which are not available in other nations, an official said.

China has some modern capital equipment of different types, which can be important for India.

Advocating for a nuanced view on the issue, the government official said that though there is no plan to ease rules under the press note 3, Chinese applications can be expedited in areas where India needs to step up its manufacturing capacity.

Under that press note, FDI from countries sharing land borders with India needs mandatory government approval in any sector. Countries which share land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan.