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of <h1>India Tightens FDI Rules: Bordering Nations' Investments Now Require Government Approval Amid COVID-19 Concerns.</h1> The Government of India has amended its Foreign Direct Investment (FDI) policy to prevent opportunistic takeovers of Indian companies amid the COVID-19 pandemic. Under the revised policy, entities from countries sharing a land border with India, or where the beneficial owner is a citizen of such countries, can only invest through the Government route. This includes citizens and entities from Pakistan, who are restricted from investing in certain sensitive sectors. Any transfer of ownership resulting in a change in beneficial ownership to these entities will also require government approval. The changes will be effective following a FEMA notification.
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