FDI in Townships
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FDI in Townships is allowed by the government of India under the FEMA Regulations 2000, which have been altered by the Press Note 2 of 2005. FDI in Townships have been allowed by the Indian government in order to increase the flow of FDI into India and also to develop the sector.
This has led to increased inflow of foreign direct investment in India. The total amount of foreign direct investment in India stood at US$ 4.7 billion in 2005- 2006 and the next year, this figure increased to US$ 15.7 billion. The countries that are the biggest investors of foreign direct investment in India are Mauritius, United Kingdom, and United States.
The guidelines for FDI in Townships are that the minimum capital that is required is US$ 10 million by an entirely owned foreign company and the minimum capital required is US$ 5 million in case of joint collaboration with an Indian partner. The guideline for FDI in Townships is that the minimum area for housing plots that are to be developed is ten hectares.
Last Updated on 3/18/2011
Foreign direct investment in India:
The government of India has taken several steps in order to streamline and liberalize the process of approval of foreign direct investment in the country.This has led to increased inflow of foreign direct investment in India. The total amount of foreign direct investment in India stood at US$ 4.7 billion in 2005- 2006 and the next year, this figure increased to US$ 15.7 billion. The countries that are the biggest investors of foreign direct investment in India are Mauritius, United Kingdom, and United States.
Guidelines for foreign direct investment in townships:
The government of India allowed 100% foreign direct investment in townships under the regulations of FEMA, 2000, which have been modified by the Press Note 2 of 2005. The Indian government allowed foreign direct investment in townships in order to give the sector a boost, generate new employment opportunities, and also to provide momentum to economic activity.The guidelines for FDI in Townships are that the minimum capital that is required is US$ 10 million by an entirely owned foreign company and the minimum capital required is US$ 5 million in case of joint collaboration with an Indian partner. The guideline for FDI in Townships is that the minimum area for housing plots that are to be developed is ten hectares.
Amount of foreign direct investment in townships in India:
The amount of FDI in Townships in India is increasing and this has given a major boost to the sector. The first project of FDI in Townships has been approved for a residential township in an area of 100 acre in Gurgaon.Benefits of FDI in Townships in India:
The benefits of FDI in Townships in India are that it has helped to bring in the latest technology in the construction of townships and generated employment opportunities for the people of the country.Last Updated on 3/18/2011
