Press Note 3, Press Note 2, and the Automobile Sector: Navigating the Evolving FDI Framework
Authors: Mr. Samir Malik (Partner), Mr. Mahip Singh (Associate Partner), and Ms. Yachana Gupta (Associate). 1. INTRODUCTIONIn April 2020, amid the economic disruption caused by the COVID-19 pandemic, the Indian government introduced Press Note 3 (“PN3”) through the Department for Promotion of Industry and Internal Trade (“DPIIT”). The policy was a considered response to a […]