India may ease rules for non-Chinese investments from Hong Kong


India may ease of deals by Hong Kong-based investors if Chinese firms aren't involved in the transactions.


Currently it's mandatory for investors from nations sharing a land border with India to seek the government's permission to acquire more than 10% stake in any localfirm.


PM Narendra Modi's administration is formalizing investment rules for neighboring countries amid border disputes with China earlier this year. This has led to over 140 proposals worth more than $1.75 bn, including proposals from China and Hong Kong, getting delayed and complicating deal- making for investors & This framework is expected to speed up the approval process and bring in much- needed clarity for both private equity firms.

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