Detailed updates needed for saving domestic firms from China: Experts

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

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.

Legal experts and policy analysts remain unanimous in their opinion that the success of the move will depend on further clarifications on issues like beneficial ownership, possible actions on foreign portfolio investments (FPI), and roundabout investments through other jurisdictions like Singapore and Hong Kong. In the meantime, several businesses, especially