TaxTMI 
TaxTMI 
Review of the Foreign Direct Investment policy - permitting investments from Pakistan.
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....eview of the Foreign Direct Investment policy - permitting investments from Pakistan. <br>News and Press Release<br>Dated:- 18-9-2012<br><BR>Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) Press Note No.3 (2012 Series) Dated: 1st August, 2012 Subject: Review of the Foreign Direct Investment policy - permitting investments from Pa....
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....kistan. 1.0 Present Position: 1.1 As per paragraph 3.1.1 of Circular 1 of 2012- Consolidated FDI Policy', effective from 10.04.2012, investment from a citizen of Pakistan or an entity incorporated in Pakistan is not permitted. 2.0 Revised Position: 2.1 The Government of India has reviewed the policy, as contained in paragraph 3.1.1 of the circular ibid and decided to permit a citizen of Pakist....
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....an or an entity incorporated in Pakistan to make investments in India, under the Government route, in sectors/activities other than defence, space and atomic energy. 3.0 Amendment to paragraph 3.1.1: 3.1 Accordingly, Paragraph 3.1.1 of Circular 1 of 2012- Consolidated FDI Policy', effective from 10.4.2012, is amended to read as below: "3.1.1 A non-resident entity can invest in India, subject to....
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.... the FOI Policy. A citizen of Bangladesh or an entity incorporated in Bangladesh can invest only under the Government route. A citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space and atomic energy." 4.0 The above decision will take immediate effect. (Anjali Prasad) Joint Secretary to the Governmen....
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....t of India<BR> News - Press release - PIB....