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Department of Industrial Policy and Promotion

With FDI norms relaxed, ‘acche din’ begins for Real Estate

Central Government has finally eased the FDI norms for construction sector. While the unchanged repo rates made the realtors community little unhappy yesterday, they got a reason to celebrate with this decision. As the sector is reeling through an acute funding pressure, real estate fraternity is optimistic that FDI will give much-needed fillip to the […]

nikunj.j

automation

Relevance of Automation in the Construction industry

The Construction sector being a vital cog in the wheel that drives the infrastructure development of our country has an important role to play in the growth of our country’s economy. However, since the construction sector is labour intensive and due to the scarcity of skilled labour force, it has to grapple with finding alternate […]

ranjan.j

Further Relaxation of FDI Norms in Construction Sector

The Commerce and Industry minister is expected to float a revised Cabinet note with regards to relaxation of Foreign Direct Investment (FDI) norms for the construction sector. This move is expected to attract greater foreign investment in the construction and real estate sector. This decision was taken following the persistent demand from this sector to […]

ranjan.j

FDIs likely to increase as lock-in period may reduce

Foreign investors investing in construction sector of India are likely to be allowed to exit even before the mandatory three years lock-in period. But for this, the investors should have completed the project in which they have invested in and would have obtained the completion occupancy certificates from the concerned authorities. On a move to […]

Feasibility study of Industrial Corridors

The department of industrial policy and promotion (DIPP) along with the Japan International Cooperation Agency (JICA), have been trying to formulate a thorough and exhaustive plan for the Chennai-Bangalore Industrial Corridor. The study has been recently completed. As per the corridor plan, this corridor would be established along Chennai, Ranipet, Sriperumbudur, Chittoor, Palamaner, Bangarupalem, Bangarpet, […]

CommonFloor Editorial Team

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