The prescribed royalty rates are net of taxes and will be calculated according to standard procedures. In respect of industries other than high priority industries, automatic permission will be given subject to the same guidelines as above if no free foreign exchange is required for any payments. No permission will be necessary for hiring of foreign technicians or foreign testing of indigenously developed technologies, but the clearance of the Home Ministry would be required for hiring of foreign technicians beyond a period of three months. Payments may be made from blanket permits or free foreign exchange according to Reserve Bank of India guidelines. For foreign investors the conditions for investment in the Indian economy are now more attractive than ever.
Majority stake is possible much more easily.