
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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