Govt looking at revising FDI policy, monitoring situation in Dhaka: Trade secretary

The Indian government plans to revise its foreign direct investment (FDI) policy, holding stakeholder consultations. Commerce Secretary Sunil Barthwal indicated that the Department for Promotion of Industry and Internal Trade is working on the new policy. There is speculation on easing Chinese investment norms to reduce the trade deficit, as advised by the Economic Survey. The current mandatory approval for investments from neighboring countries was implemented during the Covid-19 pandemic. Barthwal also addressed concerns over rising imports from China and emphasized improving trade ties with Bangladesh amidst its political crisis.