India revisits Press Note 3: Key clarifications to FDI framework for investments from land-bordering countries
On 17 April 2020, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, announced a significant change to India’s foreign direct investment policy (FDI Policy) through Press Note No. 3 (2020 Series) (Press Note 3). Pursuant to Press Note 3, any investment by an entity incorporated…