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of <h1>RBI Amends Foreign Exchange Management Regulations: Increases Investment Limits for Indian Firms Abroad, Removes Profitability Conditions.</h1> The Reserve Bank of India issued a circular amending the Foreign Exchange Management Regulations to liberalize Indian direct investments abroad. Key changes include increasing the investment limit for Indian parties in Joint Ventures and Wholly Owned Subsidiaries to $50 million annually, with additional allowances for investments in Myanmar and SAARC countries. The profitability condition for investments has been removed, and the limit for investments in Nepal and Bhutan has increased. Indian parties can now use 100% of ADR/GDR proceeds for overseas investments. Firms can invest abroad, and the individual limit for acquiring foreign securities has been raised. Procedural changes accompany these amendments.
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