No changes in FDI policy for nations sharing land border with India: Sources

New Delhi: The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing land border with India, sources said on Wednesday.

In 2020, the government issued Press Note 3 under which investors from these land bordering countries have to mandatorily take prior approval of the government for making investments in any sector.

The Press Note 3 is applicable to all the land bordering countries of India in an equal manner, the sources said.

The countries are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.

All foreign direct investment proposals from these nations undergo the similar process of scrutiny and examination as per standard operating procedure for the processing of investment proposals from these nations.

“After issuance of this press note, no amendment has been undertaken in the FDI policy relating to investments from countries sharing land border with India,” a source said.