China investments
Open to China investments, to speed up approval process, says Piyush Goyal
This story was originally published at 21:55 IST on 24 February 2026
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--Minister Goyal: Have open mind on how to attract invest from China
--Minister Goyal:Effort is to speed up approval process for invest from China
NEW DELHI – The government is open to investments from China and is working to speed up approval processes, Commerce and Industry Minister Piyush Goyal said Tuesday. The government is in talks with industry for a calibrated approach to more investments from China, the minister said.
"We have an open mind to see how we can attract better technology, more investment from China also. We are in dialogue and let us see," Goyal said at an event organised by Business Standard. "We have to see what really needs to be done in consultation with industry. It may be a calibrated response, it may be step by step. At the same time, we would certainly like to speed up the process. It is not banned, it goes through an approval process," Goyal said. "Our immediate effort is to speed up the approval process and make it easier for people to engage with technology and help expand our value chain engagement."
In order to curb opportunistic takeovers of Indian companies during the COVID-19 pandemic, the government had amended the foreign direct investment policy vide Press Note 3 dated in April 2020. Under this, an entity from a country sharing land border with India required New Delhi's approval to invest in Indian entities.
"Press Note 3 was brought in to safeguard Indian industry, Indian businesses from opportunistic takesovers, particularly in the wake of the COVID pandemic when valuations had taken a big dip," Goyal said. "In the changing times, ours is a listening government. We are always open to new ideas and change with evolving times."
The Economic Survey for 2023-24 (Apr-Mar) had said the government must focus on garnering foreign direct investment from China to boost India's merchandise exports. China is India's biggest import source. India imported goods worth $108.18 billion from China in Apr-Jan, up from $95.05 billion a year ago. End
US$1 = INR 90.95
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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