In March, the Union Cabinet approved amendments in the press note (PN) 3 of 2020 under which foreign companies having a Chinese shareholding of up to 10 per cent will be eligible to invest in India under the automatic route across sectors. The decision to ease foreign direct investment norms for overseas companies with up to 10 per cent stake in Chinese companies will be notified soon under the FEMA law, a senior government official said on Thursday. After that, the changes will come i... [3213 chars]
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