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of <h1>Indian Entities Can Now Invest Over 400% Net Worth in Overseas Energy Sectors with RBI Approval.</h1> The circular addresses the liberalization and rationalization of overseas investments by Indian entities. Indian companies can now invest over 400% of their net worth in energy and natural resources sectors with prior Reserve Bank approval. Navaratna PSUs, ONGC Videsh Ltd, and Oil India Ltd can invest in overseas unincorporated oil sector entities without limits, while other Indian companies can do so up to 400% of their net worth, subject to approval. Investments exceeding this require Reserve Bank approval. The circular also outlines procedures for capitalizing export proceeds and mandates compliance with reporting requirements. Amendments to relevant regulations are forthcoming.
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