Mumbai, Feb. 1 -- The Union government proposed a slew of measures to facilitate foreign investment in India, which may simplify cross-border mergers and acquisitions (M&As), boost inflows and ease the conduct of business in the country, according to industry executives.

"The central government has proposed a comprehensive review of the foreign exchange management non-debt instruments rules to create a more contemporary and user-friendly framework for foreign investments consistent with India's evolving economic priorities," said finance minister Nirmala Sitharaman in the FY26-27 budget speech on Sunday.

The Foreign Exchange Management Act (Fema) regulations govern how global financial and strategic investors invest in the country. The ...