TIOL-DDT 1914 · Thursday, 2 August 2012 · story 6 of 6

Investments From Pakistan

AS per paragraph 3.1.1 of Circular 1 of 2012- Consolidated FDI Policy, effective from 10.04.2012, investment from a citizen of Pakistan or an entity incorporated in Pakistan is not permitted.

The Government of India has reviewed the policy and decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India, under the Government route, in sectors/activities other than defence, space and atomic energy.

Accordingly, Paragraph 3.1.1 of Circular 1 of 2012-Consolidated FDI Policy', effective from 10.4.2012, is amended to read as:

"3.1.1 A non-resident entity can invest in India, subject to the FDI Policy. A citizen of Bangladesh or an entity incorporated in Bangladesh can invest only under the Government route. A citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other thandefence, space and atomic energy."

Press Note No 03 , Dated: August 01, 2012