Lok Sabha Question No. 2123 (UNSTARRED), answered on 2017-07-28
Subject: Investments by NRIs
Ministry: FINANCE
Asked by: ALOK SANJAR

## 2123. SHRIALOK SANJAR:

Will the Minister of FINANCE  be pleased  to state:

- (a)  the details of the procedure  for investment in the country by Non-Resident lndians (NRls);  and
- (b) the investment made in the country by the NRls during the last three years  along with the details of foreign companies involved in providing insurance  in private/  public sector?

## ANswER

## The Minister of State in the ilinistry of Finance (SHRI ARJUN R.AM iIEGHWAL)

- (a) Non-Resident lndians (NRls)  can invest in lndia as per the following  regulation of Foreign Exchange  Management (Transfer  or issue of Security by a person resident outside lndia) Regulations,  2000 dated May 3, 2000 as amended  from time to time:
- i. As per Regulations  5(1), NRls may invest in shares/Compulsorily  Convertible  Preference Shares (CCPS)/  Compulsorily  Convertible Debentures  (CCDs)A,vanants/ partly paid up shares of an lndian  company under Foreign  Direcl lnvestment (FDl)  Scheme, subject  to the terms and conditions  specified in Schedule 1.
- ii. As per Regulations  5(3), a NRI may acquire  securities  or units on a Stock Exchange  in lndia on repatriation basis under the Portfolio lnvestment Scheme, subject to the terms and conditions specified in Schedule 3.
- iii. As per Regulations 5(3), a NRI may acquire securities or units on a non- repatriation basis, subject  to the terms and conditions  specified in Schedule  4.
- iv. As per Regulations  5(4), a NRI may purchase  securities,  other than those permitted in regulations  5(3), sub.iect to the terms and conditions  specified  in Schedule S.
- v. As per Regulations  5(7), a NRI may invest in exchange  traded  derivalive contract, approved by SEBI from time to time out of INR funds held in lndia on non-repatriation basis, subjec{ to the limits  prescribed  by SEBI.
- vi.
- As per Regulations  5(9), a NRI may contribute  foreign capital either by way of capital contribution  or by way of acquisition/ transfer  of profit  shares in the capital  structure  of an LLP under FDl, subject to the terms and conditions  specified in Schedule  g.
- vii. As per Regulations  5(10), a NRI may acquire,  purchase,  hold, sell or trahsfer  units of an lnvestment Vehicle, in the manner  and subject  to the terms and conditions  specified  in
- Schedule  1 1.

## GOVERNMENT OF INDIA

MINISTRY  OF FINANCE

DEPARTMENT OF ECONOMIC  AFFAIRS

LOK SABHA

UNSTARRED QUESTION NO. 2123

TO BE ANSWERED ON FRIDAY, THE 280l JULY, 2OI7

SHRAVANA 6, 1939 (SAKA)

## Investments by NRI

- (b) The investments made by NRls as FDI and investments  made by NRls on stock exchange during the last three  years  and the current  year are a under-

(Amount in Rupees  crore)  .

| Financial Year   |   lnvestment by NRls as FDI | NRI investments in Stock Exchanges, ' lndia Purchas6s   |
|------------------|-----------------------------|---------------------------------------------------------|
| 2014-15          |                     1054.11 | 12629.2                                                 |
| 2015-16          |                     1675.95 | '13406.0                                                |
| 2016-'17         |                      991.95 | 14889.3                                                 |
| April- May 2017  |                       78.17 | u20.75                                                  |
| Total            |                     3799.59 | 44,345.25                                               |