Centre eases Norms for FDI in Construction Development Sector

The Government reportedly relaxed the foreign direct investment (FDI) norms for the construction development sector further by easing exit norms and reducing built-up area and capital needs. The move comes amid the Prime Minister’s Office recently expressing the need to liberalise end-use restrictions on external commercial borrowing (ECB) proceeds for infrastructure financing. This is also in line with the Centre’s endeavour to improve ease of doing business in the country.


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