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of <h1>Bangladeshi Citizens and Entities Can Now Invest in India Through FDI with Prior Approval.</h1> The circular informs Category-I Authorized Dealer banks about amendments to the Foreign Exchange Management Regulations concerning Foreign Direct Investment (FDI) by citizens or entities incorporated in Bangladesh. Previously, FDI in India by such individuals or entities was restricted. However, with the amendment, Bangladeshi citizens or entities can now invest in Indian companies through FDI, provided they obtain prior approval from the Foreign Investment Promotion Board of India and adhere to the conditions specified in Schedule I of Notification No. FEMA 20/2000-RB. Banks are instructed to communicate these changes to their clients.
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