Overseas Direct Investment in Bhutan

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Full Text of the Document

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....ation 6 of Notification No.FEMA.120/RB-2004 dated 7th July 2004 (Transfer or Issue of any Foreign Security), as amended from time to time, in terms of which overseas direct investment in Bhutan and Nepal is permitted in Indian Rupees only. 2. It has now been decided by the Reserve Bank, in consultation with Government of India, to allow direct investments in Bhutan in freely convertible currencie....