What is Indias policy on investment by Non-Resident Indians (NRI) or Person of Indian Origin (PIO)?
Recognizing the investment potential of the Non-resident Indians and Person of Indian Origin, a number of steps are being taken by the Government on an ongoing basis to attract investments from them in Indian companies. Some of the investment schemes presently available to NRI/PIO include the facility to maintain bank accounts in India; deposit with Indian firms/companies; investment in securities/shares in India; investment in capital of firm or a proprietary concern in India or investment in immoveable properties in India, subject to certain conditions.
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