The Government of India recently reviewed the extant FDI policy for curbing the opportunistic takeovers/acquisitions of Indian companies due to the current Covid-19 pandemic, and amended para 3.1.1 of extant FDI policy as contained in consolidated FDI Policy, 2017. On account of this review and revision, foreign investment from, neighboring countries including China, will require government approval now.
Rukshad Davar, partner at Majmudar & Partners, shares his thoughts with DQ India on countries realizing need of domestic country production post Covid-19.
Read more here.