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NEW DELHI: In a move that will restrict the business of top Chinese vendors such as Huawei and ZTE in India’s 4G telecom expansion and the upcoming 5G, the government on Wednesday took decisive steps towards securing the mobile eco-system by making amendments to the license rules, mandating that post June 15, equipment can be procured only from ‘trusted’ sources that have been approved by a Designated Authority. The move comes amidst growing concerns in the government over “meddling by Chinese elements” into India’s critical infrastructure. “The current amendments have been ne...

Indian govt likely to ease restrictions on Chinese FDI Sun Online Desk 5th March, 2021 05:36:01 The Indian government is looking at easing restrictions for Chinese foreign direct investment (FDI) by allowing companies from the bordering country to invest up to 25 per cent in a company through automatic route. This is being discussed only for non-sensitive sectors such as manufacturing, automobile, services and technology. “We are deliberating on reverting FDI of certain percentage to the automatic route coming from land bordering nations including China. "However, that could only be for sec...

Investment Arbitration and India: 2020 Year in Review Thursday, February 25, 2021 For the Indian foreign direct investment landscape, 2020 was a mixed bag of equity inflows, policy changes, arbitration awards and innovative dispute resolution strategies. In September 2020, FDI equity inflows in India crossed the USD 500 billion milestone, computed over a period of 20 years starting from April 2000. 1 While global FDI witnessed a steep decline of 42%, India noted a 13% increase in FDI inflows. 2 India’s tightened scrutiny of FDI from her neighbours and FDI in e-commerce invited int...

Over 8 crore traders to go on strike on Friday February 25, 2021 Upskilling of retail traders will also be an important pillar of the national retail trade policy   -  Bloomberg Upskilling of retail traders will also be an important pillar of the national retail trade policy   -  Bloomberg× To protest against discretionary powers to GST authorities and demand tightening of FDI policy More than 8 crore traders from over 40,000 business organisations across the country are likely to join the Bharat Vyapar Bandh on Friday to protest against “arbitrary and draconian” amendments in GST r...

India has a standard operating procedure for foreign direct investment proposals requiring mandatory government approval. We briefly explain the process.