India's Chinese-equity easing already pulls in Rs 4,895 crore of FDI
Three months after India let overseas firms with up to 10% Chinese shareholding invest via the automatic route, 29 proposals worth about Rs 4,895 crore have come through. The money spans IT, AI, pharma, data centres and manufacturing, routed from Mauritius, the US, Korea, Japan and Singapore. The shift removes mandatory prior government approval, though China-based entities themselves and other land-border neighbours still face vetting.