Section 18: Period Within Which Investment Has to be Made

1) A foreign investor shall have to make an investment of the amount in relation to which approval has been obtained for foreign investment pursuant to sub-section (2) of Section 15 within such period as prescribed.

2) A foreign investor who has already obtained approval for making foreign investment in accordance with the prevailing law at the time of the commencement of this Act shall also make an investment of the prescribed minimum amount within the period prescribed pursuant to sub-section (1).

3) The approval-giving body may revoke the investment approval given to an industry that fails to make an investment within the period referred to in sub-section (1) or (2) or Section 43, except in case of reasonable grounds.