The GoI has notified a new rule regarding FDI in India, which makes prior government approval mandatory for FDI from countries which share a land border with India. The news article highlights that since then several companies from China have been waiting to get approval. The Central Government also amended the General Financial Rules, 2017, to impose stricter restrictions on bidders from countries which share a land border with India, citing national security and factors related to India’s defence.
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