India widens gates for foreign money from bordering countries including China
The PM Modi-led Cabinet Committee on Economic Affairs on Tuesday eased the Foreign Direct Investment (FDI) regulations for countries sharing land borders with India, including China, sources told ET.
In 2020, the government amended the FDI policy for countries sharing a land border with India under Press Note 3 in order to curb opportunistic takeovers or acquisitions of Indian companies due to the COVID-19 pandemic.
The Cabinet also gave nod to amendments in the IBC Bill 2025 to ensures smooth insolvency process. Sources said that the bill was amended following the Select Committee report.
It also approved the Corporate Laws Amendment Bill.
In 2020, the government amended the FDI policy for countries sharing a land border with India under Press Note 3 in order to curb opportunistic takeovers or acquisitions of Indian companies due to the COVID-19 pandemic.
The Cabinet also gave nod to amendments in the IBC Bill 2025 to ensures smooth insolvency process. Sources said that the bill was amended following the Select Committee report.
It also approved the Corporate Laws Amendment Bill.
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