The measure would be one of the first significant steps the United States has taken amid an economic clash with China to clamp down on outgoing financial flows. It could set the stage for more restrictions on investments between the two countries in the years to come.
China's recent mediation efforts between Riyadh and Tehran were motivated by a combination of strategic outlook and economic interest in the Middle East, signaling a gradual shift away from its traditional "free-riding" approach.
Recently, BYD (Build Your Dreams), one of the world's largest electric vehicle (EV) manufacturers, proposed a substantial $1 billion investment to establish an EV and battery manufacturing plant in India, according to The Times Of India report. The collaboration was intended to be with Hyderabad-based Megha Engineering and Infrastructures Ltd., Companies News, Times Now
Under Press Note 3, the government has made it mandatory to take a prior approval for foreign investment from countries that share land border with India