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India’s new FDI rules violate WTO norms, says China

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China, which has invested more than $8 billion in India, has taken recent India’s revision of its foreign direct investment (FDI) norms to prevent the takeover of Indian firms amid the coronavirus pandemic as discriminatory and in violation of World Trade Organization’s principles. The Department of Promotion of Industry and Internal Trade (DPIIT) revised the FDI regulations stating, “An entity ...

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