The Reserve Bank of India also know as RBI has said, “entities from Pakistan, China, Bangladesh and four other regions will require its prior approval to establish branch office or project office in India.”

RBI has out new strategies for foreign bodies to open a branch office or a liaison office or a project office in India.

Meanwhile, the Reserve Bank of India  has explained that, “in the case of proposal for opening a PO relating to defence sector, no separate reference or approval of Government of India shall be required if the said non-resident applicant has been awarded a contract by the Ministry of Defence or Service Headquarters or Defence Public Sector Undertakings.”