200 Chinese investment bids await MHA nod


Source: f3nws.com f3nws.com

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About 200 investment proposals from China are awaiting security clearance from the Ministry of Home Affairs (MHA) after new rules were notified in April, making prior government approval mandatory for foreign direct investments (FDI) from countries which share a land border with India. Also read: Govt. reviewing 50 investment proposals from Chinese firm s As FDI is allowed in non-critical sectors through the automatic route, earlier these proposals would have been cleared without the MHAs nod. Prior government approval or security clearance from MHA was required for investments in critical sectors such as defence, media, telecommunication, satellites, private security agencies,...