Investment Info

IndiaConnect > Global INK For a better tomorrow To collaborate is to succeed. And if the collaboration is for a larger cause, it makes a difference to the lives of millions. This is what Global INK or Global India Network of Knowledge is all about. A virtual platform for global Indians to share their knowledge, skills and experience to help India realize its true potential. This platform ...

Government of Kerala Initiatives: Facilitating investment Government of Kerala has set up Kerala State Industrial Development Corporation Ltd. (KSIDC), for the promotion and development of medium and large scale units in the state. As the nodal agency for foreign and domestic investments in Kerala, the KSIDC provides investors with support, processes various incentive schemes and facili...

Special facilities offered by the OIFC Partner States to NRIs Government of Karnataka Initiatives: Facilitating investment The Government of Karnataka has set up Karnataka Udyog Mitra, a single contact point for all investors looking to set up businesses in the State. As the nodal agency, Karnataka Udyog Mitra’s role is to facilitate investments and execute initiatives to enable smoo...

Special facilities offered by the OIFC Partner States to NRIs Government of Gujarat Initiatives: Facilitating investment Industrial Extension Bureau (iNDEXTb), Gujarat: INDEXTb is the Gujarat’s investment promotion agency. It provides a single point of contact for all investment-related activities in the State. The INDEXTb’s broad areas of functioning include investment promotion bot...

Inheritance Technically, any individual is entitled to receive, including by inheritance, property situated in India regardless of his residency or citizenship. However, the transfer of ownership and the holding of the property must adhere to the following regulations: Foreign exchange regulations NRIs and PIOs are permitted to acquire any immovable property in India by way of inheritanc...

Tax implications It is important to note that gifting is accompanied with several tax implications. 1. Gifts received in cash Gifts of money received by an individual of an amount exceeding INR 50,000 in aggregate (subject to some exceptions) in one financial year would be taxable in the hands of the recipient. 2. Gifts received in kind Gift received in kind subject to some exceptions...

Prohibitions on investment in India Foreign investment in any form is prohibited in a company or a partnership firm, or a proprietary concern or any entity, whether incorporated or not (such as trusts) that is engaged, or proposes to engage, in the following activities: Business of chit fund Nidhi company Agricultural or plantation activities Real estate business or the construction o...

Confederation of Indian Industry The Mantosh Sondhi Centre 23 Institutional Area Lodi Road New Delhi -110 003 Phone : +91 11 24629994–7 Fax : +91 11 24626149 /24633168 Website: www.cii.in Ministry of Overseas Indian Affairs Akbar Bhawan Chanakyapuri New Delhi -110 021 Phone: +91 11 24197900 Fax: +91 11 24197919 website: www.moia.gov.in Overseas Indian Facilitation Centre ...

Gifts Gift refers to the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person to another. It is very common for people to receive gifts from friends and relatives. However, one needs to be mindful of regulations governing gifts. Some of these are entailed below. Exchange control 1. Gift of shares/securities: 1.1. By N...

Opportunities for Diaspora students Following privileges are available to Diaspora students: Scholarship Programme for Diaspora Children (SPDC) The Ministry of Overseas Indian Affairs (MOIA) introduced this program in the academic year of 2006–07,for PIOs and NRIs to help them pursue higher and technical education in India. Educational Consultants India Limited (EdCIL), a Government of I...