The Indian government is set to notify a framework for time-bound approvals of investments by companies with limited Chinese ownership in seven identified sectors, including rare-earth magnets and electronic components.
The move aims to build domestic capacity and boost inflows, with gross FDI expected to touch $90 billion in FY26, officials said.
The revised FDI norms will help process around 600 pending investment applications and provide regulatory clearances to eligible applicants within 60 days.
The seven identified sectors are rare-earth permanent magnets, rare-earth processing, polysilicon and ingot-wafer, advanced battery components, electronic component manufacturing, capital goods manufacturing, and electronic capital goods.
All such investments will still require political and security clearances, the official added.
