Tightened FDI norms: No love for thy neighbour

A government that had made it a habit to announce big-bang reforms to attract foreign investors, on April 17, 2020, took what could possibly go down as its boldest foreign policy decision. By issuing Press Note 3 of 2020, the government has made all FDI from countries sharing a ‘land border’ with India subject to prior government approval.

Previously, apart from investment in select…