Chinese stake rules eased: India sees 29 FDI proposals worth Rs 4,895.65 crore; check details

Investors can now use the automatic route, provided they meet the applicable reporting requirements. Under the revised Foreign Direct Investment (FDI) framework, which eased Chinese shareholding rules, 29 proposals worth around Rs 4,895.65 crore, or more than $500 million, have been reported. The changes were introduced in May to allow overseas companies with Chinese shareholding...