40-50 FDI proposals from neighbouring countries pending for approval ...Middle East

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40-50 FDI proposals from neighbouring countries pending for approval
source : Business Standard ( Middle East ) () 42
About 40-50 foreign direct investment (FDI)proposals from countries sharing land border with India under the provisions of Press Note 3 are pending for approval with the government, official sources said. Under Press Note 3, the government has made its prior approval mandatory for foreign investments from countries that share land border with India. These countries are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan. As per that decision, FDI proposals from these countries need government approval for investments in India in any sector. "About 40-50 proposals are pending with the commerce and industry ministry as they require security and political clearances," one of the

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