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Easing of PN-3 may help about 600 FDI applicants
Financial Express Bengaluru
|March 12, 2026
RELAXING APPROVAL PROCEDURES governing investment from countries sharing land borders with India will help speed up the clearance of proposals from among the 600 applications that were awaiting approvals, officials said on Wednesday.
Those applications that will sail through are in the category where ownership by entities from Land Border Countries (LBCs) is less than 10%.
Many investment vehicles of global funds like Carlye and Blackrock and multinationals would fall in that category.
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