NEEDED, NUANCED POLICY, NOT KNEEJERK REACTION
Apr 25, 2020
2 minutes
SHYAM SARAN
Illustration by TANMOY CHAKRABORTY
India’s Department of Promotion of Industry and Internal Trade has issued a press note, PN3, which closes the automatic approval route for foreign direct investment (FDI) in designated industries for countries which share a land border with India. This means that restrictions which already apply to Pakistan and Bangladesh, have now been extended to China. This does not bar Chinese FDI
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