With eye on China, govt drops FDI from neighbours from automatic approval list2 min read . Updated: 18 Apr 2020, 04:46 PM IST
- Until now, a foreign investor could invest in India, subject to FDI rules, except in sectors/activities which are prohibited
- HDFC said the People’s Bank of China raised its stake in the home lender from 0.8% to 1.01% in the March quarter
MUMBAI: Spooked by Chinese companies including the country's central bank and its sovereign funds shopping in Indian stock markets, the government has dropped foreign direct investment (FDI) coming from its neighbours from the automatic approval list.
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