Foreign direct investment proposals with even the smallest Chinese holding will need government nod

In April, when the Cabinet approved the plan for the screening of FDI proposals from countries bordering India, the government had discussed the option to set the threshold at either 10%, the provision in the Companies Act, or 25%, the prescription in the Prevention of Money Laundering Act.

from Economy-News-Economic Times https://ift.tt/3lW7lz5
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