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Review of Foreign Direct Investment (FDI) Policy on Investments by Non Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs)

FEMA - Press Note No. 7 (2015 Series) - Dated:- 3-6-2015 - Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 7 (2015 Series) Subject: 1.0 Present Position: 1.1 Paragraph 2.1.27 of & .....

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citizen of India or is a person of Indian origin. 2.0 Revised Position: 2.1 The Government of India has reviewed the FDI policy relating to investments by Non. Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India ( .....

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esident Outside India) Regulations will be deemed to be domestic investment at par with the investment made by residents. 3.0 Accordingly, the following amendments are made in the 'Consolidated FDI Policy Circular of 2015', effective from May .....

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