India Open to Chinese Investment in PLI Scheme, MeitY Confirms Conditional Entry

• MeitY Secretary S Krishnan confirms Chinese investments complying with India's FDI norms are eligible for the PLI scheme.
• No blanket exclusion; proposals assessed case-by-case, requiring all regulatory and security approvals.
• A "light-touch" approach is adopted, balancing supply-chain security with domestic manufacturing growth.
• Dixon Technologies' subsidiary with a Chinese partner received PLI clearance, signaling government intent.
• PLI aims to boost local electronics manufacturing and attract investment through incremental production incentives.

Why It Matters: India's MeitY signals conditional openness to Chinese investment in PLI, focusing on compliance and security.