India revises FDI policy to protect domestic firms

To ensure prevent unwanted investment advantages , especially from China ,India revises it's FDI policy. 
Current affairs night news

"Opportunistic takeovers or acquisations of Indian companies due to COVID19 pandemic ", the ministry said.

The earlier FDI policy was limited to allowing only Bangladesh and Pakistan via government route in all sectors ,now extended to China. Automatic route for now will not be an option for foreign companies to investing in India for now. They have to seek permission of Indian government for investment in domestic firms .

Revised policy is applicable for large scale shareholders only , that's basically 10% and above.

Source-NDTV

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