HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India should adopt prudent approach towards opening trade with China: CII President
Jun-24-2026

Newly appointed CII President R. Mukundan has backed the entry of Chinese investments and technology into India but stressed that the country should adopt a prudent and measured approach when considering opening of trade with Beijing. He urged the Indian industry to look at ways to reduce import dependence on China and manufacture goods in India.

Mukundan noted that battery storage, mobility batteries, specialty chemicals used in semiconductors, and other high-technology segments are among the areas where Indian firms can strengthen partnerships with Chinese companies. On trade pact with the US, Mukundan said America is the largest export destination for Indian exporters and the agreement is going to power that even more.

In order to further attract foreign direct investment (FDI) into India, the CII President suggested that the government launch a targeted sector-specific FDI strategy to attract technology-intensive investments into high-growth sectors such as semiconductors, electric vehicles and artificial intelligence. He also called for strengthening policy predictability through structured industry-government consultation mechanisms and transparent transition periods for major regulatory and FDI policy changes.

  RELATED NEWS >>