FDI in Construction- Development Projects
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The FDI in Construction- Development Projects of India is expected to attract US $ 1.5bn in the financial year 2007-2008. The latest Foreign Direct Investment policy of India, allows up to 100% investment under automatic route in townships, housing, built-up infrastructure and construction-development projects in India. Even small Indian cities like Faridabad, Gurgaon, Ghaziabad, Kochi, Jaipur, Nagpur, Amritsar, Neemrana, Visakhapatnam, Sonepat, Panipat, Manesar, Greater Noida and Bhiwadi attracted a decent portion of the investments.
FDI in Construction- Development Projects of India:
The stupendous growth of the construction development projects of India can be attributed to the overall development of economy of India. The Indian economy witnessed steady rise with the opening of the Indian markets during the 1990s. The liberal economic policy drafted and implemented by the government of India resulted in huge inflow of foreign direct Investment into the Indian markets. During the late 1990s, the central government of India increased the ceiling for the FDI in Construction- Development Projects of India. The latest Foreign Direct Investment policy of India, allows up to 100% investment under automatic route in townships, housing, built-up infrastructure and construction-development projects in India. The government now allows 100% Foreign Direct Investment in the Indian infrastructure industry, which has seen huge inflow of investments since then. Especially, the private equity players are facilitating large investments, banks are disbursing loans to builders, and financial institutions are floating real estate funds for the growth of quality infrastructural facility. The reduction of the minimum mandatory area for FDI in Construction- Development Projects of India from 100 acres to 25 acres, the quantum of investment in infrastructural industry of India has seen steep rise. As per industry speculations, the investments into Indian infrastructural sector could rise to $1.5bn in the financial year 2007-2008.Locations that are attracting FDI in Construction- Development Projects in India are as follows:
- Delhi
- Faridabad
- Gurgaon
- Chandigarh
- Kolkata
- Ahmedabad
- Pune
- Mumbai
- Hyderabad
- Chennai
- Bangalore
- Noida
- Ghaziabad
- Kochi
- Jaipur
- Nagpur
- Amritsar
- Neemrana
- Visakhapatnam
- Sonepat
- Panipat
- Manesar
- Greater Noida
- Bhiwadi
