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88% Informative
India 's Chief Economic Advisor V Anantha Nageswaran proposed promoting foreign direct investments from China .
This proposal was reportedly shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" The world's fastest growing economy aims to attract $100 billion in FDI annually over the next five years .
Samir Kapadia , CEO of India Index and managing principal at Vogel Group , said India doesn't have a developed EV battery ecosystem.
Kapadia said the sectors that will attract Chinese investors are going to be ones that are too big to fail.
He added that Chinese investments could potentially be directed to ramp up India 's semiconductor industry.
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