According to the note, the current policy position is that all non-resident entities can invest in India subject to the existing FDI policy, except in those sectors/activities which are prohibited. Additional restrictions were only placed only on citizens and corporate entities from Bangladesh and Pakistan.
Now, any entity of a country that shares a land border with India or where the beneficial owner of investment into India is situated in or is a citizen of any such country, can invest only under the government approval route.
This is a correct action as China is undertaking the opportunistic takeovers or acquisition of Indian companies due to the Chinese virus or Coronavirus or COVID-19 pandemic.
The whole world is all praise for Prime Minister Modi action and listening to this video will help you understand that how Modi has emerged as a leader of world-class in this pandemic and the whole world is looking it his actions to emulate.
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