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of <h1>Foreign Investors Must Obtain RBI Approval for Establishing Offices in India Under Specific Regulatory Conditions</h1> Regulation 5 of Foreign Exchange Management Regulations requires prior Reserve Bank approval for establishing branch, liaison, project, or business offices in India under specific conditions. These include applicants from Pakistan, certain Asian countries seeking offices in sensitive regions, entities in defense, telecom, private security, and information sectors, and foreign non-governmental organizations. Applications must be forwarded through authorized banks and considered in consultation with the Government of India, with exemptions for certain government-approved or licensed entities.
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