Lex Valorem is well versed in the provisions and regulations of the Foreign Exchange Management Act, 1999 (FEMA) and especially as relating to foreign investment in India.
Online PR News – 30-November-2012 – Bangalore / Karnataka – India is speedy in advance importance world-wide as the country has become an investment hub over the past decade. Universal investors comprise retained their confidence while in the investment opportunities in India even over the toughest of the days with the Indian Economy. Non-resident Indians (NRIs) keep searching for the investment chances in India. Because of this, India loved high foreign inflows along with funds when rest of the world was struggling to even survive.
India is projected to range advanced enlargement inside the years to come. As per Mr Brad Wall, Premier of Saskatchewan, Canada, 'India is among world's fastest developing important economies'.
In line with a UN report, India is a third most favoured getaway for investment after China as well as the US for main global organizations. The report further expects that foreign investments in India could increase by over twenty per cent in 2012-13.
Consolidated Foreign Direct Investment Policy of India
The Indian government is incessantly running towards growing investment chances for NRIs plus foreign direct investment (FDI) flows into the country. The country enjoyed the next highest enlargement in FDI inflows in the world during 2011, which ultimately created in excess of 2 lakh projects. In accordance with the Ernst & Young's (E&Y) 2012 India Attractiveness Survey, investors view India as an attractive investment destination. India stands since the fourth most engaging getaway for FDI during the survey's global ranking.
India received FDI worth US$ 2.21 billion in February 2012, registering an annual growth of 74 per cent. Cumulative inflows for April-February 2011-12 stood at US$ 28.40 billion.
India has already emerged as one of the most number one destinations for foreign investment along with this eminent location has to be sustained, according to a information by Section of Industrial Policy and Promotion (DIPP). The Indian government is for that reason, liability each bit to ensure this. The Government of India has put in place a strategy framework on FDI, which explains clear , predictable and simply comprehensible. This framework is embodied in the Round on Consolidated FDI Policy, which can be modernized every year, to trap and maintain pace considering the regulatory changes effected within the interregnum. The DIPP as well as Department of Commerce & Industry compose policy pronouncements on FDI through Press Notes/ Press Releases which can be notified through the Reserve Bank of India (RBI) as amendments for the Foreign Exchange Management (Transfer or Issue of Security by Persons Resident Outside India) Policy, 2000 (notification No. FEMA 20/2000-RB dated May 3, 2000).