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

FDI with even the smallest Chinese holding will need government nod

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.