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of <h1>Indian Residents Can Invest in IFSCs Under New 2022 Rules, With Regulator Approval Required Within 45 Days</h1> The Foreign Exchange Management (Overseas Investment) Rules, 2022 permit Indian residents to invest in International Financial Services Centres (IFSCs) in India, following specific guidelines. Investments can be made through various schedules, with certain exceptions such as financial services not including banking or insurance. Approval by the relevant financial regulator is required within 45 days. Indian entities, including those not in financial services, can invest in foreign entities in IFSCs, provided they meet profitability criteria. Investments by banks and non-banking financial institutions are subject to additional Reserve Bank conditions. IFSC stock exchanges are considered foreign exchanges under these rules.
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