July 31, 2024 12:31 PM

Piyush Goyal confirms no change in policy on Chinese investments

Commerce and Industry Minister Piyush Goyal has confirmed that the government will not change its policy on foreign direct investments (FDI) from China. This decision comes despite recent suggestions from the Economic Survey. Goyal stated that the ideas presented in the Survey are not binding on the government. “There is no rethinking at present to support Chinese investments in the country,” he said. In 2020, the government mandated approval for FDI from countries sharing land borders wit...