India: Inward/ Foreign Investment

Under FEMA, the rules related to investment by a person resident outside India in an Indian company are provided under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (‘NDI Rules’).

On 8 July 2026, the Department of Telecommunications (DoT) has notified the Telecommunications (Radio Equipment Possession Authorisation) Rules, 2026 (Rules). The Rules operationalise the authorisation requirement under Section 3(1)(c) of the Telecommunications Act, 2023 (Telecom Act) for possession of radio equipment, while also identifying categories of persons and equipment for which a separate possession authorisation is not required.

India's leading states are competing to attract Global Capability Centres through strategic policy frameworks, fiscal incentives, and infrastructure development. Karnataka, Telangana, Maharashtra, and Gujarat have each designed distinct approaches to position their metropolitan hubs as premier destinations for multinational innovation and value delivery. Which state offers the most compelling proposition for establishing high-value GCC operations in India's evolving business landscape?

On 25 June 2026, the Reserve Bank of India (“RBI”) issued the Master Direction- Reserve Bank of India (Credit Derivatives) Directions, 2026 (“Directions”), superseding the earlier framework governing credit derivatives in India.

The webinar, ‘Investing in India – Equity Capital Markets, hosted by Khaitan & Co, provided foreign investors and their advisors a practical and strategic overview of India's equity capital markets from a foreign investor's perspective, covering investment routes, regulatory frameworks, tax considerations, and recent reforms.

This article analyses the legal framework governing the Competition Commission of India’s power to revoke merger approvals under the Competition Act, 2002. It examines the principles of regulatory fairness, procedural safeguards, and the implications of recent judicial intervention for investor confidence and the predictability of India’s merger control regime.

India stands among the world’s fastest-growing economies with a large and dynamic market. India presents immense opportunities for business expansion and fresh investment. These advantages have positioned India as a highly attractive destination for Foreign Direct Investment (FDI), drawing sustained interest from global enterprises seeking to establish their operations.

A FOCC refers to an Indian entity that has received foreign investment and is ultimately owned or controlled by persons resident outside India. Although incorporated in India under the Companies Act, such entities are treated differently from domestically owned and controlled Indian companies for the purposes of foreign investment regulation and downstream investment structuring. Consequently, an FOCC, despite being an Indian incorporated entity, is subject to regulatory conditions applicable to foreign investment while undertaking investments into other Indian entities.

The Department for Promotion of Industry and Internal Trade (“DPIIT”), through its revised Standard Operating Procedure (“SOP”) dated 4 May 2026 for processing Foreign Direct Investment (“FDI”) proposals, has introduced what appears at first glance to be a procedural reform.