News > FDI with even the smallest Chinese holding will need government nod

FDI with even the smallest Chinese holding will need government nod

19/10/2020 01:31 PM | Click to read full article

Foreign direct investment (FDI) proposals with even minuscule Chinese holding will need government approval, with the Centre abandoning its earlier plan to set a floor for “significant beneficial ownership”.

“The (Cabinet) decision did not mention a minimum or maximum limit. So, even it is a small fraction, it will be covered,” a government official told TOI.