India Weighs Business Opportunities Amid Ongoing Strain with China

India isn’t entirely closed to business with China, but selective sectors and terms remain crucial, said foreign minister Subrahmanyam Jaishankar. Tensions escalated after 2020 border clashes, tightening scrutiny on Chinese investments. However, easing restrictions in non-sensitive sectors is under consideration to boost India's economy.

India remains cautious yet open to selective business with China, clarified foreign minister Subrahmanyam Jaishankar during a conference in Berlin. The dialogue comes amid ongoing diplomatic and military tensions following fatal 2020 clashes on the Himalayan border.

Post-clash policy measures included stringent scrutiny on Chinese investments and halting major projects. Yet, high-ranking officials, including Finance Minister Nirmala Sitharaman, have supported increasing Chinese investments to spike global exports, as indicated in the latest economic survey.

India aims to ease restrictions in non-sensitive sectors like solar panels and battery manufacturing to foster domestic progress. Diplomatic talks have shown slow progress, but reconsiderations on visa limitations for Chinese technicians suggest a cautiously optimistic approach.

(With inputs from agencies.)