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Why
Invest in India
?
To
understand why India has come to be recognised as the most
attractive investment destination …..
click here
Investment Policy of Government of India
Foreign corporate and individual investment in India (as it
relates to control or ownership of a company) has been
categorised as under –
i)
Automatic Route or Automatic Approval
: This does not require any prior approval of any authority.
For purposes of record, data relating to the investment is to
be filed with Reserve Bank of India (RBI)within 30 days.
Sectors/activities where 100% foreign ownership is permitted or
investments within prescribed sector caps and where automatic
route is allowed, are included in this category
ii)
FIPB Route :
Foreign Investment Promotion Board (FIPB) considers and approves
investment proposals where the proposed shareholding is above
the prescribed sector caps or where the activity belongs to the
small list of sectors where FDI is either not allowed or where
it is mandatory that proposals be routed through FIPB. FIPB
ensures single window approval for investments and acts as a
screening agency. FIPB decisions are normally received within 30
days . FIPB route is also applicable where there may be absence
of stated policy or lack of policy clarity.
·
Under
the Government approval route, applications for FDI proposals,
other than by Non-Resident Indians, and proposals for FDI in
‘Single Brand’ product retailing, are received in the Department
of Economic Affairs, North Block, New Delhi. Proposals for FDI
in ‘Single Brand’ product retailing and by NRIs are received in
the Department of Industrial Policy & Promotion, Udyog Bhavan,
and New Delhi. Applications can be submitted either in the
prescribed proforma FC-IL form, or on plain paper with a check
list available on the website
http://www.dipp.gov.in.
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Foreign investments in equity capital of an Indian company
under the Portfolio Investment Scheme are not within the
ambit of FDI policy and are governed by separate regulations
of RBI /Securities & Exchange Board of India (SEBI).
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Foreign investors intending to set up Branch
/Liaison/Project Offices would also be governed by specific
Regulations under Foreign Exchange Management Act (FEMA)
which, inter alia, prescribe permissible activities and
approvals required for such offices. These are available at
theRBI website
www.rbi.org.in
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Full Text of the policy is available……….
here
It
is recommended that an interested investor should go through
this document.
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Detailed
Manuals on Foreign Direct Investment (FDI)
in India (policy & Procedure) are available …here
AND …
here
◊
FDI
policy is reviewed on continued basis and changes in sectoral
policy/sectoral equity cap are notified through Press Notes by
the Secretariat for Industrial Assistance (SIA), Department of
Industrial Policy & Promotion (DIPP). All Press Notes are
available at
DIPP website
. FDI Policy is also notified by Reserve Bank of India (RBI)
under Foreign Exchange Management Act (FEMA) 1999.
Investment Facilitation Agencies
For a
resume of agencies that can provide information and other
assistance for investing in India ..
click here
Investment Opportunities
For brief information and important links
click here
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