account sourcing in mumbai


The Indian Economy is under liberalization since 1991 accordingly last 25 years Indian economy has evolved as a global preferred destination for investments. Many restrictions for foreign funding for doing business are removed and most business today in India can be done by 100% foreign ownership under automatic approval route. Prior approval of Government of India (“GOI”) remains for few sectors and there are few business sectors where investments is allowed with conditions. It is recommended to understand FDI policies for latest ruling policy by a foreign entity / individual investing in India before taking action for investment. The list of few sectors where 100% investment is allowed with Prior Approval and also few sectors where investment is allowed without prior approval but with conditions, non-exhaustive (few sectors) are as under:

1. Mining
2. Food Product Retail Trading
3. Defence
4. Publishing of Magazines
5. Print Media – Newspapers
6. Air Transport
7. Airlines
8. Satellite
9. Telecom
10. Retail Trading or E-commerce B-2-B Trading
11. Pharma – Brownfield
12. Banking
13. Private Security Agencies
14. Radio Broadcast
15. Agriculture, Plantation
16. Airport
17. Asset Reconstruction Company
18. Insurance
19. Pension

Legaljini team have experience of providing professional services of advisory as well as obtaining approvals to many foreign companies to set-up business of manufacturing or services of various sectors. Legaljini have assisted clients under joint venture or Wholly Owned Subsidiary to obtain approval from Government of India (FIPB or RBI).

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