In furtherance of the Government’s intent to attract foreign investments in India, the Reserve Bank of India (RBI) has issued a notification allowing foreign investments in investment vehicles regulated, inter alia, by the Securities and Exchange Board of India including Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds (Investment Vehicles).
The notification paves the way for foreign investors to invest in the Investment Vehicles under the automatic route and be treated as domestic investments subject to meeting stipulated conditions
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