What is meant by Project office under Foreign Direct Investment - Regulation & Policy (FDI)? What are the parameters of Project office ?

Project Office under Foreign Direct Investment- Regulation & Policy (FDI) means a place of business in India to represent the interests of the foreign company executing a project in India but excludes a Liaison Office. Parameters of project office under Foreign Direct Investment- Regulation & Policy (FDI): Establishment of branch office, liaison office or project office or any other place of business in India shall be governed by the Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016. A foreign company may open project office/s in India provided it has secured from an Indian company, a contract to execute a project in India, and The project is funded directly by inward remittance from abroad; or The project is funded by a bilateral or multilateral International Financing Agency, or The project has been cleared by an appropriate authority; or A company or entity in India awarding the contract has been granted term loan by a Public Financial Institution or a bank in India for the Project.