Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) (Amendment) Regulations, 2019
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Project office approvals are streamlined where government permissions exist, including defence projects backed by specified contracts or agreements.
Project office approvals for non-resident entities are streamlined by removing the requirement for Reserve Bank approval where the concerned Ministry or regulator has already granted Government approval, licence or permission. For defence-sector project offices, no separate Government reference or approval is required where the non-resident applicant has a contract with, or agreement involving, the Ministry of Defence, Service Headquarters or Defence Public Sector Undertakings.