Remove Curbs on Chinese funding up to 15%: Govt Panel

An eight-member group of ministers (GoM) on employment generation has re commended that the government could consider removing restrictions on Chinese investment up to 15% for reviving the gig economy, while maintaining a balance with geopolitical objectives. Further, for the same purpose, it has suggested that international investors with 50% less than ultimate Chinese beneficial ownership could also be granted exemption from prior approval restrictions.

 

Courtesyg: Google (photo)

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