India approves just 1 Chinese FDI proposal worth ₹1 cr, 13 Hong Kong proposals worth ₹610.42 cr
These approvals are crucial, as investments from countries sharing a land border with India have required prior government approval since April 2020 under DPIIT’s Press Note 3
India approved just one Chinese foreign direct investment (FDI) proposal worth ₹1 crore in the last financial year, while clearing 13 applications from Hong Kong worth ₹610.42 crore. This follows the introduction of Press Note 3 of the Department for Promotion of Industry and Internal Trade (DPIIT) in April 2020, which required government approval for investments from countries sharing a land border with India to curb opportunistic takeovers.
In total, the government approved 63 FDI proposals worth ₹10,292.67 crore during April 2025-March 2026, with Singapore being the largest source of approved FDI proposals in value terms.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
