India will allow Chinese investment in additional sectors through a fast-track approval process, New Delhi’s investment secretary announced on Wednesday.
Amardeep Singh Bhatia told reporters that, based on domestic manufacturing needs, the government will expand the list of sectors where Chinese investment proposals must be processed within 60 days.
The move comes after New Delhi on Tuesday removed the blanket requirement for government approval for companies with up to 10% Chinese ownership. The revision eases cross-border deal-making that had been largely frozen since the deadly 2020 Galwan border clash.
Under the updated rules, investments in sectors such as electronics, capital goods, solar cells, and battery components will be cleared within 60 days, provided Indian residents retain majority control.