Union Commerce and Industry Minister Piyush Goyal said on Sunday that India remains open to investments from China and other neighbouring countries in desirable sectors, but there is “absolutely no chance” that the Narendra Modi government will join the Regional Comprehensive Economic Partnership (RCEP). Speaking at the Financial Express Best Banks Awards 2026 in Mumbai, Goyal defended India’s investment screening framework and launched a sharp attack on the previous Congress-led government for taking India into RCEP negotiations. Responding to a question on whether India should review its approach towards Chinese investments as the trade deficit with China continues to rise, Goyal said India does not oppose investments from China as long as they do not pose risks to the economy or lead to opportunistic acquisitions of strategic assets.