New Delhi, Aug. 21 -- Twenty-nine foreign direct investment (FDI) proposals involving a combined investment of Rs 5,000 crore have been reported under India's revised framework for investments from entities with ownership linked to Land Bordering Countries (LBCs), the Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday.

The investments, reported up to August 20 this year, span sectors including Information Technology, Artificial Intelligence, Information & Communication, Manufacturing, Pharmaceuticals, Data Centres and Transport Services, officials said.

Earlier, under Press Note 3 of 2020, foreign investors with any beneficial ownership from LBCs required prior government approval, even in cases where the LBC...