Government has&nbsp;clarified that any FDI in the commercial coal mining&nbsp;should also comply with the recent amendments made in the applicable laws.<br />''<br />''Recently, the government modified its FDI policy&nbsp;according to which any&nbsp;entity of a country,&nbsp;which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, could&nbsp;invest only under the Government route.<br />''<br />''The new policy further states that&nbsp;a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors&nbsp;and&nbsp;activities other than defence, space&nbsp;and&nbsp;atomic energy.<br />''<br />''Even for the&nbsp;sectors&nbsp;which are&nbsp;prohibited for foreign investment, Government route has been made mandatory for all such entities.<br />''<br />''<span style="color: #222222;">Government had earlier permitted&nbsp;100&nbsp;per cent FDI&nbsp;under automatic route in coal mining activities, including associated processing infrastructure&nbsp;for sale of coal.</span><br />
News On AIR | August 3, 2020 6:35 PM
FDI in commercial coal mining should comply with amendments made in applicable laws: Govt