Govt tweaks FDI policy to protect domestic firms

A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT. The decision, which is likely to impact foreign investments from countries like China, has been taken to curb "opportunistic takeovers or acquisitions" of domestic firms due to the Covid-19 pandemic.

from Times of India https://ift.tt/2VwXqUQ