Press Note 3 of 2020 amendment provides for beneficial ownership definition: Govt to Parliament

While the article mentions PLI schemes, the core news is about FDI policy. The pharma sector, though not directly mentioned, could benefit from increased overall FDI and economic growth, potentially attracting investment into manufacturing and R&D.

• •New rules define beneficial ownership for countries sharing land borders with India.
• •Investors from these nations can hold up to 10% ownership via the automatic route.
• •FDI inflows are at a record high, showing strong returns for foreign capital.
• •Production Linked Incentive schemes have attracted significant investment and created jobs.
• •Risk flag: Geopolitical tensions could still impact investment flows from land-bordering countries.