Para 3.1
- Document type
- Policy
- Dated
- Category
- Policy
3. INVESTMENT BY NON RESIDENT INDIANS OVERSEAS CORPORATE BODIES
- 3.1
- Investment by the NRIs and OCBs in which the NRIs hold at least 60 per cent equity is treated as foreign direct investment. For all sectors excluding those falling under Government Approval, NRIs and OCBs are eligible to bring investment through the Automatic Route of RBI. All other proposals which do not fulfil any or all of the criteria for automatic approval are considered by the Government through the FIPB.