property investment
krish
(Querist) 06 May 2009
This query is : Resolved
Hi all
i am krishna OCI card holder. i want to invest in agriculture plantation for that i went through RBI web site for more info. In that site I found press Note.4 (2006) Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion SIA (FC Division) has stated 'FDI,NRI,OCB invest to tea plantation'. But i want to know that how much is the investment minimum/maximum amount And if you know any additional infomration let me know. Please help in this area.
Thanks
Krishna
Guest
(Expert) 07 May 2009
Dear Sir, The NRIs are prohibited from purchasing agricultural property. However, since you will be investing in the RBI promoted scheme where you have mentioned that you are allowed to invest (by the by what is OCB?), you can contact RBI.Org for the details directly. (Most probably in FAQs you will find answer for your querry).
krish
(Querist) 07 May 2009
hello sir,
Thanks for your reply.OCB means (Overseas corporatate body)please you to siadipp.nic.in/policy/changes/pn4_2006.pdf this website.they give the details.
