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Govt eases China-linked FDI curbs under Press Note 3: What it means

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 Press Note 3 was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) in April 2020 as an amendment to India’s FDI policy. |(Photo: Shutterstock)      The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday, March 10, approved changes to Press Note 3 of 2020, easing foreign direct investment (FDI) norms for countries that share land borders with India, reported news agency PTI.   Read More   Under the 2020 rule, foreign companies with shareholders from countries including China, Bangladesh, Pakistan, Nepal, Bhutan, Myanmar and Afghanistan were required to obtain mandatory government approval to invest in India in any sector.   Officials said the policy has now been amended to relax some of those requirements, though detailed guidelines are expected to follow, PTI reported citing sources.   What is Press Note 3?   Press Note 3 was issued by the Department for Promotion of Industry ...

Govt eases China-linked FDI curbs under Press Note 3: What it means

Image
 Press Note 3 was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) in April 2020 as an amendment to India’s FDI policy. |(Photo: Shutterstock)      The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday, March 10, approved changes to Press Note 3 of 2020, easing foreign direct investment (FDI) norms for countries that share land borders with India, reported news agency PTI.   Read More   Under the 2020 rule, foreign companies with shareholders from countries including China, Bangladesh, Pakistan, Nepal, Bhutan, Myanmar and Afghanistan were required to obtain mandatory government approval to invest in India in any sector.   Officials said the policy has now been amended to relax some of those requirements, though detailed guidelines are expected to follow, PTI reported citing sources.   What is Press Note 3?   Press Note 3 was issued by the Department for Promotion of Industry ...

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