Pursuant to Press Note 3 and NDI Amendment Rules, India's
FDI policy underwent an amendment in March & April 2020,
requiring a prior approval of the Government of India, for
investments from countries that share a land border with India
(Neighboring Countries). Largely, the above
concerns incoming investments from China since China has been one
of the largest investors into India out of all the other
Neighboring Countries. Parallelly, in July 2020, the Indian
government also revisited its public procurement policy to notify
amendments to the general financial rules, post which, entities
from the Neighboring Countries, prior to participating in public
procurement contracts and supplying goods and/or services to the
government, need to procure a prior registration with the
Department for Promotion of Industry and Internal Trade
(DPIIT). Even entities that are privately held
or beneficially held by individual(s) from the Neighbouring
Countries are now required to
