The policy had required government approval for FDI from countries sharing a land border with India, including China, to prevent opportunistic takeovers when company valuations fell
Representational Image
Nearly six years after imposing strict screening on investments from neighbouring countries during the Covid pandemic, the Union Cabinet has reportedly approved easing the 2020 Press Note 3 rules.
The policy had required government approval for FDI from countries sharing a land border with India, including China, to prevent opportunistic takeovers when company valuations fell.
Officials say the revised framework will streamline approvals for non-sensitive investments while retaining security checks. Smaller investments may also be exempt under a proposed threshold.
2020
Year the Press Note 3 rules came into existence
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