NRI Investment - NRI investment in India detailed information

Is the capital brought into India for revival of a sick industrial unit allowed to be repatriated?
Yes.

How can an NRI obtain permission of Reserve Bank for investment in a sick industrial unit?
Application for necessary permission should be made by the Indian company to the Central Office of Reserve Bank in Mumbai in form RSU.

Under the existing Industrial Policy, investment by foreign collaborators upto 50%/51%/74% of the equity is allowed by Reserve Bank on repatriation basis in certain high priority industries. Can NRIs take up the balance 50%/49%/26% equity in such cases on repatriation basis?
Yes.

Can NRIs make investments in companies engaged in real estate development in India?
	Yes. Investment upto 100% in the new issue of equity shares/convertible debentures of Indian companies engaged in the following areas is allowed

	i)	Development of serviced plots and construction of built up residential premises;
	ii)	Real estate covering construction of residential and commercial premises (including business centres and offices;
	iii)	Development of township;
	iv)	City and region level urban infrastructure facilities including roads and bridges;
	v)	Manufacture of building material;
	vi)	Financing of housing development.