Govt to Expand Fast-Track FDI: More Sectors Under Eased Press Note 3 Regime

• DPIIT Secretary Amardeep Singh Bhatia indicated the government may add more sectors for expedited foreign investment approvals under Press Note 3.
• Amendments cleared by Cabinet on March 10 introduce a 60-day timeline for investments from land-bordering countries (excluding Pakistan) in strategic manufacturing.
• Key sectors include capital goods, electronic components, polysilicon, advanced batteries, and rare earth magnets.
• New framework defines "beneficial owner" and allows automatic route for non-controlling ownership below 10% (with reporting).
• Investee entities must maintain Indian majority shareholding and control; changes aim to boost FDI inflows.