Cabinet eases Press Note 3 rules, sets 60-day timeline for investment approvals from land-bordering countries
Amendments allow up to 10 percent non-controlling beneficial ownership under automatic route; aim to boost manufacturing, deep-tech investment The Union Cabinet has approved changes to India’s foreign direct investment (FDI) policy governing investments from countries that share a land border with India, introducing clearer rules on beneficial ownership and a defined timeline for approvals…