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ARTICLE · 03 OCTOBER 2018

India Tightens Noose For Mauritius Based FPI

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The Government has been taking keen steps towards increasing the foreign based investment in India.

IndiaGovernment, Public Sector
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The Government has been taking keen steps towards increasing the foreign based investment in India. The Reserve Bank of India Report 2018 has highlighted that the country has been recognized as one of the most favourable destinations for carrying out business. Promoting and considering the aspect of raising the foreign funds, the Government has also been cautious in preventing the illicit transactions.

Mauritius: An investment friendly neighbour

India has signed a double taxation avoidance agreement with Mauritius which makes it the most preferred route for investment in India, including investment via Foreign Portfolio Investment (hereinafter referred to as "FPI"), owing to the exemptions offered in respect of tax payment.

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