India’s Tightened FDI Rules Upset China

India recently revised its Foreign Direct Investment (FDI) policy with the objective of preventing “opportunistic takeovers” of firms hit by the lockdown induced by the COVID-19 outbreak. The move has upset China, which has termed it a violation of international trade principles.

Features of the Amendment

  • The government said firms in neighbouring countries wanting to invest in Indian companies would first need its approval.
  • An entity of a country that shares a land border with India can now invest in firms here “only under the Government route”.
  • This also applies to “beneficial” owners — even if the investing company is ....
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