Clear guidelines needed for approving China's FDI plans: NITI Aayog VC

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Clear guidelines needed for approving China's FDI plans: NITI Aayog VC - Business Standard

Quick Summary:

India needs a 'clearer set' of guidelines for approving Foreign Direct Investments (FDI) from China expeditiously as the system of case-by-case review is slow, NITI Aayog vice chairman Suman Bery has said.

"I think what is needed, on the basis of experience, is a clearer set of guidelines because case-by-case review is slow and we do have an interest in getting investment from China because China is surplus in savings, it has got good technology," he told PTI.

Bery further said at the moment India scrutinises FDI proposals from China for security purposes similar to what the United States is doing.