The Indian government has announced a 60-day clearance period for foreign direct investment (FDI) proposals from China and other countries sharing land borders with India, including Pakistan, Bangladesh, Nepal, Bhutan, Myanmar, and Afghanistan. This initiative targets 40 sub-sectors across six broad categories, such as capital goods manufacturing and electronic components. The government has emphasized that majority shareholding and control must remain with Indian citizens or entities owned and controlled by Indians. The sub-sectors include manufacturing of rare earth magnets, printed circuit boards, and advanced battery components, among others. Additionally, new reporting guidelines have been introduced to ensure transparency in investments from these countries, which will be governed under the Foreign Exchange Management Regulations. The Indian investee firms are responsible for reporting details about ownership, shareholding patterns, and management structures to the Department for Promotion of Industry and Internal Trade (DPIIT) prior to any foreign capital remittances.