India to release product list for faster Press Note 3 FDI approvals
New Delhi: India will soon issue a list of products for expedited clearance under amended Press Note 3 that mandates prior approval for foreign investment from countries with which it shares land borders, officials said.
The amended foreign direct investment (FDI) policy guidelines have allowed proposals for investments from China and other land-border countries to include advanced battery components, rare earth permanent magnets, rare earth processing sectors, whose applications will be processed and decided within 60 days.
