India has signalled its willingness to rebuild economic relations with China. On 14 October 2026, Union Commerce and Industry Minister Piyush Goyal stated at the Bloomberg New Economy Forum in New Delhi that India was working to develop relations with China once again. He emphasised that renewed engagement would require fair commercial terms, continuity in business cooperation and a stable geopolitical environment.
The Minister also reiterated India’s openness to joint ventures with international partners, provided that the arrangements offer fair benefits to India. Although no specific India–China joint venture was announced, the remarks indicate potential scope for renewed business dialogue and industrial cooperation between the two countries.
Potential areas of cooperation could include manufacturing, electronics, industrial machinery, renewable energy and supply-chain development. For Chinese companies seeking to expand in India, partnerships with Indian businesses could provide opportunities for local manufacturing, technology collaboration and access to the Indian market. Indian companies, in turn, could benefit from Chinese technological expertise, machinery and established manufacturing capabilities. These remain potential opportunities rather than confirmed government initiatives.
Trade remains a central component of India–China economic relations. According to India’s Department of Commerce trade data, during FY 2025–26, India’s exports to China increased by approximately 36.6% to USD 19.47 billion, while imports from China reached approximately USD 131.62 billion. These figures highlight the potential for further growth in Indian exports, alongside the continuing imbalance in bilateral trade.
For businesses in both countries, the latest remarks provide a reason to monitor developments in bilateral economic relations, particularly in trade, investment, joint ventures and supply-chain cooperation. However, any proposed investment involving Chinese entities would remain subject to India’s applicable foreign direct investment regulations, including government approval requirements for investments from countries sharing a land border with India. The future scope of cooperation will therefore depend on regulatory developments, market-access conditions and the broader geopolitical environment.
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India–China Business and Investment
D’Andrea & Partners Legal Counsel provides legal and business support to companies and investors exploring investment opportunities in India, investing in India, and developing India–China business relationships. Our services cover areas including India venture capital, foreign investment, market entry, joint ventures, corporate structuring, regulatory compliance, commercial transactions and dispute resolution.
We also support businesses and investors in assessing investment prospects in India, exploring business and investment opportunities across various sectors of the Indian market.
With experience in cross-border matters, our team also assists Chinese enterprises and investors seeking to enter or expand in India, as well as Indian businesses engaging with China. Our Indian lawyer in China and India-focused legal professionals provide practical guidance on India–China trade, investment and business cooperation.
India has signalled its willingness to rebuild economic relations with China. On 14 October 2026, Union Commerce and Industry Minister Piyush Goyal stated at the Bloomberg New Economy Forum in New Delhi that India was working to develop relations with China once again. He emphasised that renewed engagement would require fair commercial terms, continuity in
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