Business Standard

FDI policy: 'Bringing clarity to press-note 3 is a step in right direction'

Press-note 3 requires that all investments from entities will have to be made under the 'approval route' and will require security clearance

FPI, foreign investments, investors, FDI, funding, growth, market

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Ramesh Abhishek
Recent media reports suggest that the Department for Promotion of Industry and Internal Trade (DPIIT) is working on bringing clarity to the provisions of the press-note 3, an amendment to the FDI Policy made in April 2020.  Nearly two years after the press-note 3 was enacted, it’s indeed a step in the right direction to introspect and resolve the unintended impact of the press-note. 

The widely known press-note 3 (2020 series) was brought during the initial days of the pandemic in April 2020 – and as an immediate reaction to the concerns of Indian companies being vulnerable to opportunistic takeovers

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First Published: Jan 25 2022 | 2:46 PM IST

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