Setting up Project Offices in India

Foreign investors planning to execute specific projects in India that are linked to a one off contract (as may well be pertinent for many infrastructure related constructions for example), can set up a temporary project site office in India to handle the contract.

The Reserve Bank of India will provide approval and can grant general permission for foreign entities to establish project offices, subject to certain conditions. These dictate that the foreign investor has secured a contract from an Indian company to execute a project in India.

To read the full version of this article, please purchase the March 2010 issue of India Briefing, which can be found in the Asia Briefing Bookstore. Companies requiring assistance may contact any Dezan Shira & Associates' five national offices at india@dezshira.com for advice or visit www.dezshira.com.