New Edition of FDI Policy to Restrict Indo-China Trade is Released

Sharing is caring!

The Ministry of Commerce released the latest edition of the consolidated policy for foreign direct investment (FDI), which incorporates all the measures and changes adopted by the government regarding foreign investments in the past one year.

The policy document said that the FDI policy came into effect from October 15.

The policy also includes the decisions taken by the government in the past few months, largely keeping in view the investments coming in from China.

“An entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route,” it said.

Further, a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the government route, in sectors or activities other than defence, space, atomic energy and sectors or activities prohibited for foreign investment.

As part of the Aatmanirbhar Bharat economic package in May, the government liberalised the FDI policy for several sectors, including defence, coal mining, digital news, contract manufacturing and single-brand retail trading.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: