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Press note 3: Restriction on investment from China By Ashwini Vittalachar and MV Abhinaya, Samvad Partners 21 October 2020 0 9 W ith the spread of the global pandemic coupled with an economic downturn, the government appears to have become concerned at foreign footprints in Indian industries. The growing global antagonism against China heightened concerns over acquisitions by Chinese entities in India. This resulted in the government taking a series of defensive actions, and Press Note 3 that was notified on 17 April 2020, prohibited any FDI from China without government approval. The embargo states that “an entity of a...
