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Hotel & Tourism related industries are declared
as priority sector industries. Foreign
Investors/Overseas Corporate Bodies are allowed to invest
upto 100% equity on repatriation basis. Foreign
investors can form an Indian Company with minority
shareholding with locals and can buy the required real
estates for running the Hotel business. Subsequently,
this new Company can acquire shares held by the local
investor, thereby holding 100% equity by the Foreign
Investor.
Foreign
direct investment by Overseas Bodies/Companies can also be
approved, in Tourism Sector, under the automatic route (ie.,
they do not require any Govt. approval)
The Foreign
investment in tourism sector in India is subject to the
conditions imposed from time to time by Government of India.
The FDI Policy and its analysis along with details are also
available in the following Internet Sites – www.myiris.com
and www.indiainfoline.com
0R at Indian Investment Centre
The details
of investment policies and procedures of Government of India
are now available in the site www.iic.nic.in
Indian
Investment Centre
(A Government of India Organisation)
Jeevan Vihar Building, Sansad Marg
New Delhi - 110 001
Tel: 3733679, 3733679 Fax: 3732245, 3733712
Email: iic@giasdl01.vsnl.net
.in
www.nic.in/iic
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