Foreign investors planning to execute specific projects in India that are linked to a one off contract (as may well be pertinent for infrastructure-related construction, for example) can set up a temporary project site office in India to handle the contract.
The RBI will provide approval and can grant general permission for foreign entities to establish project offices, subject to certain conditions. These dictate that the foreign investor has secured a contract from an Indian company to execute a project in India.
Read this article to find out more about the regulations pertaining to operating a Project Office in India.
For more information, please contact Dezan Shira & Associates about FDI in India.
