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<h1>India Updates FDI Policy: Allows FDI in LLPs with Conditions; Restrictions on Sectors and Investment Types Apply.</h1> The Government of India has revised its Foreign Direct Investment (FDI) policy to allow FDI in Limited Liability Partnership (LLP) firms, subject to certain conditions. FDI in LLPs is permitted through the government approval route only in sectors where 100% FDI is allowed via the automatic route and without performance-related conditions. LLPs with FDI cannot operate in agriculture, plantation, print media, or real estate, nor can they make downstream investments. Foreign Institutional Investors and Foreign Venture Capital Investors are not permitted to invest in LLPs, and LLPs cannot avail of External Commercial Borrowings. Compliance with these conditions is mandatory for designated partners.