DPIIT notifies changes in FDI norms for China, other land border sharing countries

Synopsis India has taken a bold step toward enhancing its investment landscape by relaxing restrictions on foreign investments. Companies with up to ten percent Chinese shareholding can now invest seamlessly, a notable change that leaves out entities from neighboring countries, who still require prior authorization. New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified changes in the FDI policy to permit overseas companies with Chinese shareholding of up to 10 per cent to invest in India under the automatic route. These investments will be subject to sectoral FDI (foreign direct investment) limits and conditions….