Govt considers easing FDI rules for Construction Industry
The Central Government is contemplating to ease foreign direct investment (FDI) rules for the construction sector. A proposal to allow limited liability partnerships (LLP) to invest in the construction of townships, roads, hotels and hospitals is under consideration. Allowing LLPs will open a new investment avenue at a time when the government is struggling to revive the economy from its worst annual contraction on record and generate employment in a country still shedding jobs months after the pandemic-induced lockdown. The government estimates India will require investment worth $777 billion across infrastructure for development by 2022. The construction sector received FDI inflows worth $25.7 billion between April 2000 and September 2020, government data show. The relaxation in rules is also likely to help the government get closer to its target of creating affordable housing for all in urban areas by 2022 and building 100 smart cities. Currently, foreign investors have to meet certain conditions for investing in the construction development sector such as a three year lock-in period before exiting. Allowing LLP firms will afford the sector ability to receive foreign investments more easily.
📅Published on:
28 January 2021
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
