Self-Reliant India: A Road Ahead By Reframing the Foreign Investment Policy

The present context of the Indian market is such that most of the foreign companies want to invest in India. The “Make in India” scheme has also invited many foreign investors on this land. Moreover, during this global pandemic of Covid-19 many industries are moving out of China and want to come to India for setting up their companies but the investment in India is governed by some laws which cannot be overlooked and have to be kept in compliance while investing in the Indian market. The amendment is done under Section 46 of the Foreign Exchange Management Act, 1999[1] which legally empowers the central government to make rules by public notification related to foreign investment. So the act of the government to channelise the foreign investment policy is legally valid and has been done in the wake of giving opportunities to the domestic entrepreneurs of the nation.

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