India takes tougher line on foreign investment:
This article was originally published in Clinica
Executive Summary
The Indian government is to scrutinise more closely proposals by multinational companies to set up wholly-owned subsidiaries in the country. The Ministry of Industry, which evaluates applications before submitting them for final approval to the Foreign Investment Promotion Board, will look at the level of technology involved, whether an investment is in a core or non-core sector and at a company's current business in India.