‘India’s fresh FDI rules to expedite tech JV formations; caution needed in critical sectors’
NEW DELHI: The Centre’s decision to relax rules on foreign direct investment (FDI) from countries that share a land border with India is expected to attract capital into critical sectors such as electronics and wafer manufacturing, and also expedite the formation of technology partnerships, according to industry associations.
The long-awaited move is expected to pave the way for FDI from China and bolster India’s manufacturing push.
