India considers easing investment rules for neighbours, including China: Report

India is considering a plan to allow up to 26% foreign direct investment from countries with which it shares a land border, including China, without government scrutiny for some sectors, the Economic Times reported on Tuesday, citing government officials. In April, India had stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak. The Indian governmentࢀ™s April 17 notification had said investments from an entity in a country that shares a land border with India will require government approval, meaning…