Nearly six years after imposing strict screening on investments from neighbouring countries during the Covid pandemic, the Union Cabinet has reportedly approved easing the 2020 Press Note 3 rules.
The policy had required government approval for FDI from countries sharing a land border with India, including China, to prevent opportunistic takeovers when company valuations fell.
Officials say the revised framework will streamline approvals for non-sensitive investments while retaining security checks. Smaller investments may also be exempt under a proposed threshold.
2020
Year the Press Note 3 rules came into existence
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