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Detailed updates needed for saving domestic firms from China: Experts

Without comprehensive procedures to ring-fence investments, restrictions may turn counter-productive, say experts

Indian companies | China

Subhayan Chakraborty 

Illustration: Binay Sinha
Legal experts point out the existing foreign investment law does not define the term "beneficial owner" | Illustration: Binay Sinha

While India's recent move to increase scrutiny on the free flow of Chinese funds into the country has achieved the expected media recognition and acrimony from Beijing, it still requires a detailed update to achieve its desired objective of saving businesses from being scooped up by the entities across the border.



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First Published: Sun, May 10 2020. 20:10 IST