Review of the Foreign Direct Investment policy - permitting investments from Pakistan.

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..... Review of the Foreign Direct Investment policy - permitting investments from Pakistan. - News and Press Release Dated:- 1-8-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 01-August-2012 17:09 IST PRESS NOTE 1.0 Present Position: 1.1 As per paragraph 3.1.1 of Circular 1 of 2012- Consolidated FDI Policy', effective from .....

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..... 10.04.2012, investment from a citizen of Pakistan or an entity incorporated in Pakistan is not permitted. 2.0 Revised Position: 2.1 The Government of India has reviewed the policy, as contained in paragraph 3.1.1 of the circular ibid and decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India, under the Government route, in sectors .....

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..... /activities other than defence, space and atomic energy. 3.0 Amendment to paragraph 3.1.1: 3.1 Accordingly, Paragraph 3.1.1 of Circular 1 of 2012- Consolidated FDI Policy', effective from 10.4.2012, is amended to read as below: "3.1.1 A non-resident entity can invest in India, subject to the FOI Policy. A citizen of Bangladesh or an entity incorporated in Bangladesh can invest onl .....

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..... y under the Government route. A citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space and atomic energy." 4.0 The above decision will take immediate effect. Dept. of Industrial Policy Promotion, Ministry of Commerce Industry New Delhi: August 1, 2012 DS/GK - News - Press releas .....

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..... e - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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