Monday, May 16, 2016

Govt eases norms for foreign firms to set up branch offices in India

The government relaxed the approval process for foreign firms to set up their branch, liaison and project offices in the country. As a measure towards improving the ease of doing business, it has now been decided that except for a few sectors such as defence, telecom, private security, information and broadcasting and non-government organisation and except a few countries, the power to grant approvals for establishment of branch, liaison, project offices by foreign entities, would be delegated to the Authorized Dealers Category-I Banks. sector.

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