India to fast-track FDI approvals in 7 sectors under eased China-linked investment norms

The government is expected to notify a framework for time-bound approvals of investments in seven identified sectors, including rare-earth magnets and electronic components, under eased foreign direct investment norms. The move aims to build domestic capacity and boost inflows, with regulatory clearances to be provided within 60 days. The seven sectors have been identified to help India develop capacity in critical areas, with additional sectors or activities to be added later with approval.