Business Standard

India stymies investment from Hong Kong as border row with China drags on

Amid a border stand off with China, the Indian government had tightened rules for foreign direct investment from all nations sharing a land border

china, chinese, investment, FDI, funding, investors, funds, startups, company, firms, start-ups, venture, equity
Premium

The restrictions may complicate deal-making and impact the flow of capital from private equity firms and hedge funds, which often include investors domiciled in China or Hong Kong

Shruti Srivastava | Bloomberg
India is subjecting foreign investment proposals from Hong Kong at par with China as part of a new policy that makes approval mandatory for plans from countries that share a land border, a person with the knowledge of the matter said.
 
Nearly 140 investment proposals valued at over $1.75 billion, mostly from China and Hong Kong -- China’s special administrative region -- have been put on hold pending scrutiny, the person said asking not to be identified citing rules on speaking to the media.

Amid a border stand off with China, the Indian government tightened rules for foreign direct investment

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 23 2020 | 5:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com