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Dear all, a company X incorporated in US want to invest in the equity shares of Indian company under automatic route. the Indian company doing the business of aquaculture activity, whether it is allowed please confirm and if so what is the procedure for the investment. both are not related party thanks \bhoopathy

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Posted By: Raja ram bhoopathy 9 year(s) ago

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VISWANATHAN ARUNACHALAM

if your proposed project is under the ambit of rule/clause 6-2-1( sec c) fo FDI POLICY DATE MAY 2015,,, that your nomenclature " acuqa culture" (fish breeding etc) and if your porcess will be under controlled conditions., then,,,,,, yes 100% FDI under auto matic route is permitted., but get a project report duly vetted by your fishery dept( government nodal agency) to confirm that,,,your fish breeding is within the meaning acuqa- culture "., then you can proceed.. regds viswanathan arunachalm iyer

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Expert Ankit Singhi

FDI in agriculture is not allowed

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