In a rapidly developing country like India, the construction industry is a major contributor to the economy. Hence the central government is making continuous efforts to boost the sector. One of the major hurdles faced by the mega construction industry guidelines is the inflow of investment from private sources. The Foreign Direct Investment (FDI) inflow in the construction industry is way too much regulated, thus making it difficult for the investors.
However, on November 10 the finance ministry has liberalized the FDI norms for the 15 sectors including the construction industry. This reform has been wholeheartedly welcomed by the investors as well as dealers. Let us learn about the characteristics and impacts of these reforms. [Read more…]