India eases requirements for foreign investment in certain sectors

According to a notification by the Reserve Bank of India (RBI) on 21 January 2019, foreign companies in defence, telecom, information and broadcasting, and private security services will not require the RBI's approval to open branch offices, provided that they have an approval of the regulator and the ministry concerned.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Manufacturing (Other manufacturing)
  • Services (Telecommunications, Other service activities)

• Sources:

  • Reserve Bank of India, Notification No. FEMA 22 (R)/(2)/2019-RB, http://egazette.nic.in/WriteReadData/2019/195706.pdf, 21 Jan 2019
  • The Economic Times, Foreign firms in telecom, 3 other sectors need not obtain RBI nod to open branch offices, https://economictimes.indiatimes.com/news/economy/policy/foreign-firms-in-telecom-3-other-sectors-need-not-obtain-rbi-nod-to-open-branch-offices/articleshow/67658980.cms, 23 Jan 2019