India allows up to 10% non-controlling FDI from land-border countries
Certain investments move to automatic route with reporting
Change
India amended Press Note 3 to allow up to 10% non-controlling foreign investment from land-border countries under the automatic route.
Why it matters
The change introduces reporting requirements and retains conditions on majority Indian ownership in sensitive sectors.
Implications
- — Investors can enter without prior approval — faster deal execution
- — Companies must report ownership details — compliance obligations increase
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