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of <h1>Minimum Rs. 1 Crore Investment Required for EOU Scheme; IT and Handicrafts Excluded; 100% FDI Possible</h1> Projects with a minimum investment of Rs. 1 Crore in plant and machinery can be established under the Export Oriented Units (EOU) Scheme, except for certain sectors like IT and handicrafts. EOUs are approved by a Unit Approval Committee led by the Development Commissioner, with the possibility of 100% FDI. Applications require a specific form and approval from relevant authorities. Upon approval, a legal undertaking and a B-17 bond must be executed. Existing EOUs continue under the old bond terms, while new EOUs adhere to updated regulations. Conversion from DTA units is conditional upon fulfilling export obligations or paying applicable duties.
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