August 3, 2020 6:35 PM

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FDI in commercial coal mining should comply with amendments made in applicable laws: Govt

Government has clarified that any FDI in the commercial coal mining should also comply with the recent amendments made in the applicable laws.<br />''<br />''Recently, the government modified its FDI policy according to which any entity of a country, 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 invest only under the Government route.<br />''<br />''The new policy further states that a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors and activities other than defence, space and atomic energy.<br />''<br />''Even for the sectors which are prohibited for foreign investment, Government route has been made mandatory for all such entities.<br />''<br />''<span style="color: #222222;">Government had earlier permitted 100 per cent FDI under automatic route in coal mining activities, including associated processing infrastructure for sale of coal.</span><br />

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