Days after tweaking FDI rules, India on Thursday said no country should be worried about the new regulations. China has strongly objected to the change in rules, which makes it mandatory for countries sharing land boundary with India to invest through the government route.
A day after China’s outburst over the change in foreign direct investment policy, India on Tuesday hit back at its neighbour, saying the amendment did not violate any global commitment as it did not bar investments from across the border but only mandated prior screening of proposals.
India is considering closer scrutiny of foreign direct investment in sectors crucial to national security, a top government official said, as the country looks to tighten oversight amid growing unease about China’s acquisition of tech assets.
The department of telecom has approved raising of foreign direct investment in Bharti Airtel to 100% from existing 49%, a move that is expected to give flexibility to the loss making company in raising foreign funds. The company also has received an approval from the RBI that allows foreign investors to hold up to 74% stake in a company.
The department of telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company said on Tuesday. The company also has the approval of the Reserve Bank of India that allowed foreign investors to hold up to 74 per cent stake in the company.
