The government on Saturday revised the Foreign Direct Investment (FDI) policy to curb "opportunistic takeovers and acquisitions" of Indian companies amid the COVID-19 crisis. Companies in a country that shares a land border with India, such as Pakistan and China, will have to approach the government for investment in India. According to the Ministry of Commerce & Industry, a non-resident entity can invest in India, subject to FDI Policy except in those sectors and activities which are prohibited. However, an entity based out of India's neighbouring countries can only invest under the government route. As per the existing policy of the government, a citizen of Bangladesh or an entity incorporated in Bangladesh can invest only under the government route.

Source: dna April 18, 2020 10:30 UTC