Are Non-Resident Indians allowed to make investments in India?

An NRI can invest in capital of Indian companies on non-repatriation basis provided:

• The amount is invested by inward remittance or out of NRE/FCNR(B)/NRO account maintained with Authorized Dealers/Authorized banks. 
• The entity is not engaged in agricultural/plantation or real estate business or construction of farmhouses or dealing in Transfer of Development Rights.
• Amount invested not eligible for repatriation outside India. For investments on a repatriable basis, provisions of FDI policy apply.

For more information, click here.