Amendment to FDI Policy due to current COVID-19 pandemic
DPIIT issued the Press Note 3 (2020 series) - As per the Press Note, The Government of India ("GOI") has taken some special measure for curbing opportunistic takeover/acquistions of Indian Companies due to the current COVID-19 pandemic. The GOI has undertaken measures as under Now following person can invest into India subject to government approval 1. Non-Resident entity or 2. Beneficial owner of investment into India or 3. Citizen Of Country which shares land border with India . Earlier Government approval required in case investor is from Bangladesh or Pakistan. List of countries which sharing land border with India 1. Pakistan 2. China 3. Nepal 4. Bhutan 5. Myanmar 6. Bangladesh