Centre keeping eye on FDI from China: Union Minister

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New Delhi: Commerce and Industry Minister Piyush Goyal said the Centre is keeping an eye on foreign direct investment (FDI) from China.

He said the government has initiated discussions with over 600 global investors for possible investment in the country.

Goyal said countries have been protecting their domestic industry from opportunistic takeover at this critical juncture.

To a question if India had decided to impose curbs only for investment from neighbouring countries, the minister said FDI and FPI (foreign portfolio investment) flows will be watched carefully during the present health crisis.

The Department for the Promotion of Industry and Internal Trade (DPIIT) in April had said that foreign investments from countries sharing borders with India will require government approval.

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