FDI easing not for Chinese firms; to benefit entities with minority Chinese holding

Synopsis India has eased foreign investment rules. Overseas firms with up to ten percent Chinese shareholding can now invest automatically. Companies from China and nations sharing land borders with India will get faster approvals for investments in key manufacturing sectors. This aims to boost domestic production and attract foreign capital. The government is streamlining processes for greater certainty for investors. New Delhi, Overseas companies having Chinese shareholding of up to 10 per cent will be eligible to invest in India under the automatic route across sectors; however, the relaxed FDI norms will not apply to entities registered in China/Hong Kong…