25% FDI threshold proposed for China

MUMBAI: The department of economic affairs (DEA) has recommended that the beneficial ownership threshold for foreign direct investments (FDI) should be set at 25% to determine if they need to go through an approval process amid government efforts to restrict Chinese investments in India. “FDI restriction on China investment... is more about national security and integrity and all our interests are secondary to that,” Tarun Bajaj, secretary DEA, said.