India approved only one foreign direct investment proposal from China in the last financial year, with the deal valued at ₹1 crore, according to official data. In the same period, the government cleared 13 proposals from Hong Kong worth a combined ₹610.42 crore.
The figures stand out because investments from countries that share a land border with India face an additional review process. Since April 2020, such proposals have required prior government approval under DPIIT’s Press Note 3, a rule brought in to tighten oversight of inbound investments.
The latest numbers suggest that Chinese-origin proposals continued to move through a highly selective approval route, while a larger set of applications linked to Hong Kong received clearance during the year. The data offers a snapshot of how the approval framework has been working under the current policy regime.
Press Note 3 remains an important filter for FDI from neighboring countries, making approvals significant for companies and investors tracking market access into India. The contrast between the number and value of Chinese and Hong Kong clearances is likely to remain a closely watched part of India’s investment landscape.
