Press Note 3 was introduced to prevent opportunistic takeovers, but circumstances have changed: DPII

In a conversation with CNBC-TV18, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said Press Note 3 was introduced in 2020 to prevent opportunistic takeovers when company valuations had fallen during the pandemic. He noted that the situation has since changed, with stronger valuations and buoyant markets in India. Bhatia said global venture capital and private equity funds had requested policy changes because small, non-controlling ownership from land-border countries created investment uncertainty. The government’s tweaks aim to ease investment flows while supporting manufacturing growth in sectors such as electronics and capital goods.By CNBCTV18March 13, 2026, 7:49:16 PM IST (Updated)Continue ReadingFirst Published: Mar 13, 2026 7:45 PM IST

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