FDI policy with respect to Special Dispensation for NRIs
Non-Resident Indians
(NRIs) have special dispensation for investment in construction development and
civil aviation sector. Further, investment made by Non-Resident Indians under
schedule 4 of FEMA (Transfer or issue of Security by Persons Resident Outside
India) Regulations is deemed to be domestic investment at par with the
investment made by residents
The special
dispensation of NRIs has now been also extended to companies, trusts and
partnership firms, which are incorporated outside India and are owned and
controlled by NRIs. Henceforth, such entities owned and controlled by NRIs will
be treated at par with NRIs for investment in India.
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