Can companies in India raise foreign currency resources?

Yes. Indian companies are permitted to raise foreign currency resources
through two main sources: a) issue of foreign currency convertible bonds
more commonly known as ‘Euro’ issues and b) issue of ordinary shares
through depository receipts namely ‘Global Depository Receipts
(GDRs)/American Depository Receipts (ADRs)’ to foreign investors i.e. to the
institutional investors or individual investors.