New Delhi, May 15 -- Speaking during Prime Minister Narendra Modi's visit to the United Arab Emirates, M. A. Yusuff Ali, Managing director and Chairman, Lulu Group, said non-resident Indian (NRI) investments in India are now treated as domestic investment, calling it a major policy shift that has made it easier for overseas Indians to invest in the country.

The LuLu Group, Chairman said the change removed earlier restrictions faced by NRIs and encouraged greater investment across Indian states.

"After our honourable Prime Minister took charge, first he changed the law because non-resident Indian investment is treated as domestic investment. That's a great initiative. We had a lot of problems before at the time of investment as a non-res...