Punjabkeasri.com is presenting a list of various organisations, through which NRIs can obtain any kind of information for investment in India may it be policies, procedures, taxation etc.
1. Chief Commisioner for NRIs
The Chief Commisioner for NRIs looks after the interest of non-resident Indians who are willing to invest in India. It helps NRIs in interaction with the Central Government and to serve as a focal point for NRIs.
2. India Investment Centre
India Investment Centre is a service organisation which was established for the promotion of foreign private investment in
India. It advises foreign investors on setting up industrial projects in India by providing information regarding
1. Investment Opportunities in India
2. Government's Industrial Policy
3. Licensing procedures
4. Taxation laws and other incentives available.
It operates through designated officers in Indian Diplomatic Missions for promotional works and guiding entrepreneurs
abroad.
It helps the Indian and foreign enterepreneurs in the following way
1. Meeting the procedural requirements for project approvals or any other problems, in the process of implementation of the
project.
2. It brings out publications which provide information on various matters of Government policies, procedures and regulations incentives and opportunities available to entrepreneurs in various industrial fields, both in India and abroad.
3. It provides factual information on current economic development in India.
4. It assists the foreign companies in locating the Indian collaborator and Indian Companies in locating foreign collaborator. It has also signed
Memorandum of Understanding with the following organisations for promoting development of cooperationg arrangements between Indian
3. Investment Promotion and Project Monitoring Cell
This cell attends to enquiries from entrepreneurs relating to a wide range of subjects like licensing policy, tariff and duties, corporate taxation and company law. Nodal officers have been desingated in Ministries such as Finance and Commerce and in Reserve Bank of India (New Delhi and Mumbai) and India Investment Centre (New Delhi) for clarifications.
4. Special Approval Committee for Applications from Non-Resident Indians
It provides for a single window clearance to NRI applications for Industrial License, Foreign Collaborations and Import of Capital Goods.
5. Department of Science and Technology
This provides service to NRIs willing to setup ventures in India in areas such as additional sources of energy, bio-technology, electronics etc.
6. State Governments
State Governments have setup cells to look after the investment proposal of Non-resident of Indian origin. They provide information and guidance for setting up projects in respective States. They facilitate single window clearances required from various State level authorities such as securing industrial plots, construction of factories, supply of electricity connection etc.