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Chinese investments wait for Home Ministry clearance

Date: 28 July 2020 Tags: Miscellaneous
  • About 200 investment proposals from China are awaiting security clearance from the Ministry of Home Affairs (MHA) after new rules were notified in April.
  • The new regulations makes prior government approval mandatory for foreign direct investments (FDI) from countries which share a land border with India.
  • As FDI is allowed in non-critical sectors through the automatic route, earlier these proposals would have been cleared without the MHA’s nod.