India reportedly to ease curbs on Chinese investments

Reuters, citing unnamed sources, reported that New Delhi is considering relaxing restrictions on Chinese investment in specific sectors. India may allow Chinese companies to invest in areas where the country lacks expertise, such as solar panels and battery manufacturing. Sources told Reuters that India will maintain strict controls on Chinese investments in sensitive sectors like electronics and telecommunications. The decision to open up specific areas to Chinese investment will be made on a case-by-case basis. According to the Economic Survey 2024 released by the Finance Ministry of India on July 22, India is shifting its focus towards attracting foreign investment from China as a key strategy to enhance its global electronics exports, according to the Economic Survey 2024. The report suggests that attracting Chinese investments is a more strategic approach to benefit from the "China-plus-one" strategy. According to earlier reports by Bloomberg and Reuters, the Indian government reportedly plans to expedite visa processing for Chinese engineers and technicians, which is crucial for the installation of Chinese-made machinery in Indian factories.