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Opinion | Recent amendments to FDI policy – a boon or a bane?

India state Oregon 2020 Government Department
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Much has been reported about press note 3 of 2020 issued by the Department for Promotion of Industry and Internal Trade on April 17, over the last couple of days.

Pursuant to the press note, an entity situated in 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, is inter alia permitted to invest in Indian entities only under the government approval route.

Further, any transfer of ownership of any existing or future foreign direct investment (FDI) in an entity in India (indirectly or indirectly) resulting in the beneficial ownership falling within the purview of the above restrictions, would require the government’s approval.

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COVID-19
United States
United States
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Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
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Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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