Landborder FDI: Five investment proposals have been approved, informs government

The government informed Parliament that five investment proposals have been approved from entities situated in or whose citizens belong to any land border sharing country with beneficial ownership.

“Now, any entity, situated in or whose citizen belongs to any land border sharing country with beneficial ownership, can bring investment or participate in any government contract only with prior government approval alone. Till date, five proposals have been approved under the above mechanism,” Hardeep Singh Puri, minister of state for commerce and industry said in Rajya Sabha.

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