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of <h1>India Excludes Second-Hand Machinery Conversion from FDI Equity Issuance to Promote Advanced Technology Use.</h1> The circular addresses the issuance of equity shares under the Foreign Direct Investment (FDI) scheme via the Government route in India. It highlights that the conversion of imported second-hand machinery is excluded from this provision to promote the use of advanced, energy-efficient technology. Other guidelines from previous circulars remain unchanged. Authorized Dealer Category-I banks are instructed to inform their clients about these changes. Amendments to relevant regulations are to be notified separately. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect any other required permissions or approvals.
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