Exit rules for foreign investors in construction

Q: Have you read the news today the government has provided flexible two exit routes for foreign investors from construction projects.

Jeet Bhaskar, Delhi

4th December 2014

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foreign direct investment

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exit norms for foreign investors

fdi in construction

fdi investment in construction

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Replies (4)

One, the foreign investor can exit on completion of a project or after developing main infrastructure like roads, water supply, street lighting, drainage and sewerage. Secondly, foreign investors have also been allowed to back to their own country before or after completion of the project subject to clearance by foreign investment promotion board on a case to case basis.

Gautam Das, Delhi-NCR

4th December 2014

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Hi Gautam,
Even the foreign investment limit in construction projects or joint ventures has been halved to $ 5 million. While the three years lock-in on FDI has been raised, the government has provided flexible two exit routes for these investors from construction projects.

Sameer Khan, Delhi-NCR

4th December 2014

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As per joint press note on FDI in construction, the government has done away with the rules direct 10-hectare development for serviced plots. Even in construction and development projects, the minimum area requirement has been cut to 20000 sq-mt. from an earlier 50000 sq-mtr.

Gautam Das, Delhi-NCR

4th December 2014

Comment

HI,
The Union government has raised the 3 year lock-in on foreign investments in construction projects to improve their involvement and give a boost to the industry going through a serious liquidity crisis. In sync with the decision taken by cabinet committee on economic affairs last month.

Sameer Khan, Delhi-NCR

4th December 2014

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