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Below the Inputs on FDI perspective from Prashant Bhojwani- Partner, Corporate Tax, Tax & Regulatory Advisory at BDO India

"Pursuant to the Union Budget announcement, the Government has amended the Foreign Direct Investment policy for countries sharing land borders with India and has now provided clarity by permitting up to 10% non-controlling beneficial ownership under the automatic route without government approval. Additionally, a fast-track approval mechanism (i.e., within 60 days) is introduced for investments in key manufacturing sectors (such as electronics, capital goods, solar cells) to boost domestic manufacturing.

The above will promote ease of doing business in India and facilitate greater foreign investments in India, particularly in the manufacturing sector. With this, pending investments/business plans can now be activated."

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