Govt eases FDI norms for China, other nations sharing land borders with India

NEW DELHI: (Mar 10) The government on Tuesday eased foreign direct investment (FDI) norms for China and other countries sharing land borders with India by allowing overseas firms having up to 10 per cent shareholder from these nations to invest in the country without mandatory approval.

Earlier, overseas firms with shareholders from these nations owning even a single share had to seek mandatory approval to invest in India in any sector.

However, other conditions of FDI norms, including sectoral caps and entry routes, will be applicable to these investments.