Sunday, June 13, 2021
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India revises FDI policy to shield firms amid pandemic

Fearing the Chinese companies’ recent acquisition advancements, India has clamped down on foreign investments to curb opportunistic takeovers of Indian companies, during the COVID-19 pandemic. Without naming China, the Department for Promotion of Industry and Internal Trade said, “An entity of a country, which shares a land border with India or where the beneficial owner of investment into India is situated in or is a citizen of any such country, can invest only under the ‘government route’.” In other words, government’s approval will be required for investments. The move mandates government’s clearance for all forms of investments, even indirect ones, from all countries such as Nepal, Bangladesh, Pakistan, Sri Lanka, Myanmar, Bhutan and more importantly China.

Read More – Hindustan Times | Jagran | NDTV

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Akshay Washindkar
23, Aspiring Actor, Screenplay Writer, Filmmaker, Content Writer @Headline English.

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