India’s Tightened FDI Rules Upset China
India recently revised its Foreign Direct Investment (FDI) policy with the objective of preventing “opportunistic takeovers” of firms hit by the lockdown induced by the COVID-19 outbreak. The move has upset China, which has termed it a violation of international trade principles.
Features of the Amendment
- The government said firms in neighbouring countries wanting to invest in Indian companies would first need its approval.
- An entity of a country that shares a land border with India can now invest in firms here “only under the Government route”.
- This also applies to “beneficial” owners — even if the investing company is ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 India Joins US-Led Minerals Security Finance Network
- 2 Pacific Islands Forum Meeting Highlights Growing Influence
- 3 Turkey Seeks Membership in BRICS
- 4 China's Commitment to Africa at FOCAC 2024
- 5 India Seeks Renegotiation of Indus Waters Treaty
- 6 India and Brunei Elevate Ties to “Enhanced Partnership”
- 7 India-UAE Nuclear Cooperation Agreement
- 8 Indian PM’s US Visit Solidifies India's Global Role
- 9 UN Approves Draft of Global Cybercrime Treaty
- 10 UN Launches Multidimensional Vulnerability Index
