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Central Government examining relaxation of regulations on Foreign Investment in Construction Industry!

Updated: 29/Oct/2014 2:35:29 PM
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Central Government examining relaxation of regulations on Foreign Investment in Construction Industry!
Recent information gathered is about the central government exploring the possibilities of relaxation in the regulations of Foreign Direct Investment (FDI) today.

There is a current regulation that the minimum construction area should be 50000 sq metres to allow foreign direct investment.

There was a proposal made by the construction industry requesting this to be reduced to a minimum construction area of 24000 sq metres instead of existing 50000 sq metres.

The proposal also requested for the current stipulation of a minimum investment amount of Rs. 60 Crores to be reduced to Rs. 30 Crores.

The segment of Industrial Policy & Growth under the ministry of Commerce has expressed that the acceptance and approval of the above proposals will boost the FDI in the construction to a higher level paving the way for excellent growth in the construction industry.
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