The RBI has granted general permission to foreign companies to establish Project Offices (PO) in India if they have secured a contract from an Indian company to execute a project in India, if:
However, if the above criteria are not met, the foreign entity will be required to obtain RBI approval.
Without prior permission of the RBI, no citizen or company registered in Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran, China, Hong Kong, or Macau can establish a BO/LO/PO or any other place of business in India.