2005
With a view to catalysing investment in townships, housing, built-up infrastructure and construction development projects, the Indian government allows FDI up to 100% under the automatic route (which would include housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure).
There are some restrictions such as the minimum area of development under each project, minimum capitalization of $10m and a maximum duration of 5 years for 50% of the project.
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About Me
- Parshu
- I am an investment banker based in the far east, Hong Kong. My education and work has taken me to numerous countries around the world, and that imbibes me a very strong passion for traveling, exploring new places and cultures. I am curious about history and how different societies have evolved over time. Two other interests of mine are hiking, and I have just put up a new blog related to this, and also an activity that was introduced to me as a child, but have seriously got into it just recently - yoga.
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