India considering easing curbs on some Chinese investments: Report

The move is being considered after proposals worth $6 billion were stuck amid the red tape, say sources

India is considering easing scrutiny on certain foreign direct investment, according to people familiar with the matter, after rules mainly aimed at China created a bottleneck for inflows.

Currently, Prime Minister Narendra Modi’s government scrutinizes all investment proposals from companies that are either based in countries that share a land border with India or have an investor from one of these nations. It is now considering exempting proposals where the so-called beneficial ownership is less than 10%, which means the investor may be from a neighboring country but holds only a small stake in the firm proposing the investment.

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