Beyond Press Note 3: Analysing Press Note 2 (2026) and the new FDI framework for land-bordering countries
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Summary
In 2026, the Union Cabinet of the government of India introduced changes to Press Note 3 (2020 Series) (“Press Note 3”), pursuant to which the Department for Promotion of Industry and Internal Trade (“DPIIT”) released the Press Note 2 (2026 Series) (“Press Note 2”), marking a significant change in the regulatory framework governing Foreign Direct Investment (“FDI”) from countries sharing land borders with India. This amendment revisits Paragraph 3.1.1 of the Consolidated FDI Policy, 2020, which