NEW DELHI: The Centre on Monday notified the overseas investment rules and regulations, simplifying the existing framework and aligning it with current business and economic dynamics.
"In view of the evolving needs of businesses in India, in an increasingly integrated global market, there is a need for Indian corporates to be part of the global value chain," said a finance ministry statement. "Clarity on overseas direct investment and overseas portfolio investment has been brought in and various overseas investment related transactions that were earlier under approval route are now under automatic route, significantly enhancing 'ease of doing business'," according to the statement.
