India revises FDI rules for land-bordering countries, easing minority investment
India’s Union Cabinet has approved an amendment to Press Note 3 of 2020, which requires government approval for investments from countries sharing a land border with India. The revision introduces a 10% beneficial ownership threshold below which investors from these countries can invest through the automatic route without prior clearance. For the power sector, the main implications relate to the upstream solar manufacturing supply chain. Changes introduced under the amended framework Press Note 3 of…