Centre reviews Foreign Direct Investment policy
Govt of India reviews Foreign Direct Investment policy for curbing opportunistic takeovers/acquisitions of Indian companies due to COVID-19. A non-resident entity can invest in India, subject to FDI Policy except in those sectors/activities which are prohibited.
However, an entity of a country, which shares a land borders with India or where the beneficial owner of investment into India is situated in or is a citizen of any such country, can invest only under the government route.
Further, a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment.