Tuesday, October 15, 2013

Foreign Investment in India - Downstream investment by Indian Companies

For the purpose of downstream investment, the Indian companies making the downstream investments would have to bring in requisite funds from abroad and not use funds borrowed in the
domestic market. This would, however, not preclude downstream operating companies, from
raising debt in the domestic market. Downstream investments through internal accruals are permissible by an Indian company, subject to the provisions of clause 6(i)

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