Review of FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic

Govt. of India has revised the FDI policy, where a non-resident entity or the beneficial owner of an investment, situated in or is a citizen of a country, which shares a land border with India, can invest in India only under the Government route.
Further, any transfer of ownership of any existing or future FDI to such person(s) as mentioned above will also require Government approval.

Effective date: From the date of FEMA notification

Source: DIPP Press Note 3 dated April 17, 2020