OVERSEAS DIRECT INVESTMENT
ODI is a business strategy where a domestic firm expands its operations to a foreign country either via a Green field investment, merger/acquisition and/or expansion of an existing foreign facility either under the Automatic route or the Approval route as per the RBI guidelines.
- Filing of Form ODI duly supported by the documents like the certified copy of the Board Resolution, Statutory Auditors’ Certificate and Valuation report, etc.
- Prior approvals from the RBI
- Evaluating the parameters for considering the proposals under the approval route, etc.