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Review of the FDI Policy on downstream investments made by Non-Resident Indians (NRIs)

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..... esident Indians (NRIs). The Government of India has reviewed the extant FDI policy in relation to investments made by an Indian company owned and controlled by Non-Resident Indians (NRIs) on a non-repatriation basis and in order to provide clarity on downstream investments made following addition in the consolidated FDI Policy Circular of 2020 (FDI Policy) effective from 15.10.2020 and as amende .....

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