Review of the policy on foreign Direct Investment (FDI) in Construction Development Sector - Clarification on Press Note 10 of 2014 dated 03/12/2014

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..... Issue Clarification/ Comment 1. Whether FDI can be brought if the minimum capitalization was not completed within the period of six months of the commencement of the project? No new FDI can be brought in the project if the minimum capitalization of US $ 5 million has not been achieved within six months of comm .....

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..... Exit is permitted with FIPB approval on case to case basis even before completion of the project or development of trunk infrastructure. 4. Is the exit in residential/commercial projects only after completion of project? The exit is allowed automatically after the completion of project. However, in case of any project if trunk i .....

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..... re would be sufficient to prove that trunk infrastructure development is complete. 7. Whether exit is permitted on earlier of the completion of project or after development of trunk infrastructure? Exit is permitted on completion of project or after development of trunk infrastructure, whichever is earlier. 8. .....

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..... infrastructure has not been developed, then exit can take place with prior approval of FIPB. 11. Whether minimum capitalization is company specific or project specific? Minimum capitalization condition is project specific, not company specific. 12. Whether foreign investor can acquire possession of .....

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