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Informative Article | Law | India | Volume 11 Issue 11, November 2022 | Popularity: 4.6 / 10
The Fundamental Shift to the New ODI Regime: Anticipation of Explication from the RBI
Shrishti Mishra
Abstract: Overseas Investments (OI) made by the Indian Residents enlarges the scope and scale of the business for Indian entrepreneurs by providing massive growth opportunities. Such ventures enhance the competitiveness and the brand value of the Indian companies through research and development, easier access to global markets, lower costs of capital and technology. The Overseas Investments are prominent catalysts in escalating foreign trade as well astechnology transfer, facilitating domestic employment along with increasing investment and growth. Keeping in view the spirit of liberalization and to facilitate the ease of doing business, the Central Government of India and RBI have been progressively engaged in improvising the procedures and have been rationalizing the rules and regulations under the FEMA Act, 1999. The new regime is said to have simplified the existing structure for the foreign investment by persons who are resident in India so as to cover a vast range of economic activities and reduce the need to obtain special permits significantly. It reduces the burden related to compliance as well as the costs of compliance.
Keywords: Overseas Direct Investment, New ODI Regime, Foreign Exchange Management, Overseas Investment, Rules, Foreign Exchange Management, Overseas Investment, Regulations
Edition: Volume 11 Issue 11, November 2022
Pages: 235 - 237
DOI: https://www.doi.org/10.21275/SR221101020200
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