Need To Take Nuanced Approach For FDI From China: Official

There is a need to take a nuanced approach towards foreign direct investments 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.