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FDI policy · 21 July 2026

Draft Foreign Investment Rules to replace the NDI Rules put out for comment

Draft Foreign Investment Rules intended to replace the FEMA (Non-debt Instruments) Rules were open for consultation from 21 July to 31 August 2026.

Effective or announced 21 July 2026Impact for foreign investors: medium

What changed

Draft Foreign Investment Rules, which would replace the NDI Rules that give legal effect to FDI policy, were released for consultation from 21 July to 31 August 2026. The sources do not summarise their content.

Who it affects

All foreign investors and Indian companies with foreign investment, since pricing, reporting and route rules sit in these Rules.

What to do

Track the final notification and check any change to pricing, reporting deadlines and downstream investment rules before your next filing.

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Talk to IMC about your entry structure, approvals, incentives, tax and the first year of compliance.

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