Piyush Goyal has said India is willing to welcome Chinese investments in sectors that align with the country’s economic priorities, signaling a pragmatic approach toward foreign investment despite ongoing geopolitical challenges.
The minister emphasized that investments contributing to India’s growth, manufacturing capabilities, technology development, and job creation would be considered positively, subject to existing regulatory frameworks and national interests.
At the same time, Goyal made it clear that India has no intention of rejoining the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement, from which India withdrew in 2019 over concerns related to market access, trade imbalances, and the potential impact on domestic industries.
India has been pursuing bilateral and strategic trade agreements with several countries and regions instead of participating in large multilateral trade blocs. The government believes this approach allows greater flexibility while protecting the interests of Indian businesses and farmers.
The statement comes as India continues to position itself as a major global manufacturing and investment destination under initiatives such as Make in India and Production-Linked Incentive (PLI) schemes.
Analysts say the comments reflect India’s strategy of separating investment opportunities from broader trade negotiations, while maintaining a cautious stance on trade arrangements that could affect domestic industries.
