India approves residency status for wealthy foreigners

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Reuters NEW DELHI
Last Updated : Aug 31 2016 | 3:28 PM IST

NEW DELHI (Reuters) - The Indian cabinet has approved granting residency to high net-worth foreign nationals, a government source said on Wednesday, to attract foreign investment into the South Asian nation.

(Reporting by Sankalp Phartiyal; Editing by Malini Menon)

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First Published: Aug 31 2016 | 3:22 PM IST

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