Foreign companies in defence, telecom, information & broadcasting, and private security sectors will not require the Reserve Bank of India's (RBI) nod to open branch offices, provided they have an approval of the regulator and the ministry concerned.
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Foreign firms in telecom, 3 other sectors need not obtain RBI nod to open branch offices
Foreign firms in telecom, 3 other sectors need not obtain RBI nod to open branch offices
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