<p>New Delhi: The government has not made any amendments to the <a href="https://www.deccanherald.com/tags/foreign-direct-investment">foreign direct investment (FDI)</a> policy for countries sharing land border with India, sources said on Wednesday.</p>.<p>In 2020, the government issued Press Note 3 under which investors from these land bordering countries have to mandatorily take prior approval of the government for making investments in any sector.</p>.<p>The Press Note 3 is applicable to all the land bordering countries of India in an equal manner, the sources said. The countries are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.</p>.<p>All FDI proposals from these nations undergo the similar process of scrutiny and examination as per standard operating procedure for the processing of investment proposals from these nations.</p>.India services sector growth steady in May as demand remains strong, PMI shows.<p>"After issuance of this press note, no amendment has been undertaken in the FDI policy relating to investments from countries sharing land border with India," a source said.</p>.<p>These remarks are important as certain reports have stated that the approval process for FDI applications from China has been streamlined.</p>.<p>At present, there is an inter-ministerial committee headed by the Home Secretary to consider applications under Press Note 3.</p>.<p>The bulk of FDI coming into India falls under the automatic approval route.</p>
<p>New Delhi: The government has not made any amendments to the <a href="https://www.deccanherald.com/tags/foreign-direct-investment">foreign direct investment (FDI)</a> policy for countries sharing land border with India, sources said on Wednesday.</p>.<p>In 2020, the government issued Press Note 3 under which investors from these land bordering countries have to mandatorily take prior approval of the government for making investments in any sector.</p>.<p>The Press Note 3 is applicable to all the land bordering countries of India in an equal manner, the sources said. The countries are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.</p>.<p>All FDI proposals from these nations undergo the similar process of scrutiny and examination as per standard operating procedure for the processing of investment proposals from these nations.</p>.India services sector growth steady in May as demand remains strong, PMI shows.<p>"After issuance of this press note, no amendment has been undertaken in the FDI policy relating to investments from countries sharing land border with India," a source said.</p>.<p>These remarks are important as certain reports have stated that the approval process for FDI applications from China has been streamlined.</p>.<p>At present, there is an inter-ministerial committee headed by the Home Secretary to consider applications under Press Note 3.</p>.<p>The bulk of FDI coming into India falls under the automatic approval route.</p>