Press Note No. 3 (2020 Series) dated 17.4.2020
‘The Foreign Exchange Management Act, 1999’ (‘FEMA’), the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 coupled with the Consolidated Foreign Direct Investment Policy are sacrosanct to Foreign Direct Investment [‘FDI’] into India and these govern all conditions of FDI such as, Eligible Investors, Entry Routes for Investments (Automatic route/Govt approval route), Caps on Investments -Sector wise, Prohibited Sectors/Permitted Sectors for FDI, Foreign Investments into downstream investments by eligible Indian entities etc.