India considers easing investment rules from neighbours, including China, media reports


Source: malaymail.com malaymail.com

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Tensions between India and China remain high with tens of thousands of troops deployed along the remote Himalayan border. — Reuters pic NEW DELHI, Nov 17 — India is considering a plan to allow up to 26 per cent foreign direct investment from countries with which it shares a land border, including China, without government scrutiny for some sectors, the Economic Times reported today, 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...