Now Invest 25 Crore and Stay in India For 3-10 Years
Emulating Singapore-model, India will offer residency permits of up to 20 years to foreigners willing to invest a minimum threshold in the country, under a new policy aimed at attracting more overseas investments.
The Cabinet, headed by Prime Minister Narendra Modi, approved a proposal to allow foreigners get 10 year residency permits if they invest Rs 10 crore over 18 months or Rs 25 crore over three years. The residency status can be extended by another 10 years.
Investors would also be allowed to buy one residential property and their spouses and children can work or study here. However, this scheme would not be available for Pakistani or Chinese citizen.
"A certain threshold if you invest in India, then the availability of visa, the availability of the right to purchase...