The two countries can work together to achieve their respective long-term goals—sourcing of finished goods for Japan and an increase in manufacturing output for India.
The government is tightening the screws on workarounds under the FDI route. An amendment to the rules reinforces the principle that what cannot be done directly, should not be done indirectly.
The BJP-led Union government introduces changes to FDI norms in e-commerce to create a level-playing field. Industry watchers say the move is in view of the upcoming general election.
