Industrial Policy & Trade Monitor· 2663 actions· ✨ 89 recent

India's Department for Promotion of Industry and Internal Trade (DPIIT) issued Press Note 2 of 2026 on March 15, 2026 (following Cabinet approval on March 10, 2026), recalibrating the Press Note 3 (2020) FDI framework for investments from countries sharing a land border with India. Global investors with up to 10% non-controlling Chinese (or other land-border) shareholding can now invest in India under the automatic route across sectors, while entities domiciled in China, Hong Kong, Pakistan, Nepal, Bhutan, Bangladesh, Myanmar and Afghanistan continue to require prior government approval. For 40 designated strategic sub-sectors — including rare earth permanent magnets, polysilicon and ingot-wafer manufacturing, printed circuit boards, electronic capital goods, Li-ion batteries and machine tools — proposals will be decided within a binding 60-day window, with majority Indian ownership and control mandated at all times. Effective from the date of the corresponding amendment to the FEMA Non-Debt Instruments Rules.

India's Bureau of Civil Aviation Security (BCAS) revoked, with immediate effect, the security clearance of Celebi Airport Services India Pvt Ltd and its associated Celebi group companies, citing national-security grounds. The clearance — originally granted by the Director General, BCAS on 21 November 2022 under the Ground Handling Agency category — had authorised Celebi to provide ground-handling, cargo, and passenger-services operations at nine major Indian airports (Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Ahmedabad, Goa, Cochin, and Kannur). The revocation followed days after Turkiye publicly backed Pakistan and criticised India's Operation Sindoor strikes, and Celebi is a Turkiye-headquartered aviation-services group. The Ministry of Civil Aviation stated it was coordinating with airport operators to maintain seamless passenger and cargo handling during the transition.