India has approved 80 Foreign Direct Investment (FDI) proposals involving Chinese entities as on June 29, according to data accessed through Right to Information (RTI).
The government received 382 proposals from the Chinese in all for consideration since India imposed restrictions on investments from countries that share land border with it, Department for Promotion of Industry and Internal Trade (DPIIT) said in response to the RTI.
It is not clear as to how many proposals have been rejected
Following the skirmish at the border, New Delhi in 2020 made a prior government approval, including a security clearance, mandatory for any FDI coming from countries that share land borders with India.
Until mid-2021, the government did not give any approvals for such FDI. However, since then, it has started considering the applications on a case-to-case basis.
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