TMI BlogForeign Direct Investment (FDI) in townships housing, built-up infrastructure and Construction projectsX X X X Extracts X X X X X X X X Extracts X X X X ..... housing, built-up infrastructure and Construction projects With a view to catalysing investment in townships, housing, built-up infrastructure and construction projects as an instrument to generate economic activity, create new employment opportunities and add to the available housing stock and built-up infrastructure, the Government has decided to allow FDI up to 100% under the automatic route ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned subsidiaries and US$ 5 million for joint ventures with Iindian partners, The funds would have to be brought in within six months of commencement of business of the Company. ii. Original investment cannot be repatriated before a period of three years from completion of minimum capitalization; However, the investor may be permitted to exit earlier with prior approval of the Government t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on facilities, as laid down in the applicable building control regulations. bye-laws, rules, and other regulations of the State Government/Municipal/Local aody concerned. e. The investor shall be responsible for obtaining all necessary approvals, including those of the building/layout plans, deyeloping internal and peripheral areas and other infrastructure facilities, payment of development, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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