The recent revisions made to the FDI policy need more clarity for the benefit of investors and companies that are getting lost in its ambiguity.
Indian tech companies, many other unicorns and the like, are running helter-skelter. Thanks, in large part, to the ambiguous changes made to the recently revised FDI policy. The revisions make government nod mandatory for FDI from countries that share a border with India. This was announced in Press Note 3 (April 17). Later, to give effect to this, the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, (FEMA Rules) were amended.
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Lalit is a Corporate, M&A and Private Equity lawyer with over twenty years of experience.