INDIA: DIPP urges RBI to notify India foreign direct investment (FDI) policy for limited liability partnerships

Monday July 29 2013

It has been reported that the Department of Industrial Policy and Promotion of India has formally requested the Reserve Bank of India to urgently notify the provisions of its India foreign investment policy for limited liability partnerships (LLPs) in a move to attract increased India foreign investment into the country. Guidance from the Reserve Bank regarding foreign direct investment in respect of LLPs has been outstanding since the publication of Press Note 1 in 2011.

This information will be updated as soon as further details become available.