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Government Relaxes Investment Policy for NRIs, PIOs and OCIs

The government on Thursday gave its approval to 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). An investment made by NRIs through ...

Can NRIs and other residents outside India acquire immovable property in India?

Non-resident Indians together with Persons of Indian (PIO) origin in accordance with the allowed permissions under the Foreign Exchange Management Act (FEMA) can acquire immovable property in India. However, the scope of such an acquisition is limited to the purchase ...