Hi basis. PIO and OCI and almost the same - there is no problem with getting non agricultural immovable property for either, as long as it is not an airport .basis said:What does it mean actually ? Is PIO illegal ? I am about to buy a property in India and take up employment in India - can I do that or not ? Is better to convert to OCI and do those things ?
Mangal , PIO and others please help.
There is no problem with buying ordinary commercial or residential property or taking up a job.
Good point though, there are a few areas that do not allow full investment by PIOs and OCIs, agriculture and aviation being the most notable, so one should be weary as a PIO or OCI when investing in something that is out of the ordinary (or taking a job reserved for citizens - e.g. Government posts). The article was specifically talking about aviation, and an attempt by the Govt to allow PIO investment.
The article exposed the internal cabinet level politics of the MHA - and for me, it clearly indicates that they are the culprits for the delay to OCI. At least we have the PM and MOIA on our side.