The Economic Times

DEA notice awaited on easing FDI rules for foreign cos with up to 10% in China firms

FDI rules for overseas companies with up to 10% Chinese shareholding are set to be notified soon, as the Department of Economic Affairs is finalising the required approval under FEMA, an official said. The Department for Promotion of Industry and Internal Trade (DPIIT) had already issued a March Press Note easing norms for investments from land-border countries, allowing such firms to invest in India under the automatic route across sectors.