Tag Archive | "FDI"
Govt okays Mothercare JV with DLF
The government has approved a proposal by UK-based retail major Mothercare to invest Rs 25.87 crore for 30 per cent stake in a joint venture with DLF Brands, the retail management arm of realty giant DLF. Mothercare, which specialises in kids and parenting products, had announced the JV last year through its subsidiary, Mothercare UK Ltd, [...]
Continue reading...Foreign investors bullish on realty, construction sectors
Sunday, February 21, 2010
Foreign investors have remained bullish on India’s housing, real estate and construction sectors in the last two years, undaunted by scarce global financial resources. Foreign Direct Investment (FDI) in terms of inflows into equity in the Indian construction and realty sectors have seen a sharp rise from USD 1.19 billion in April-December 2007 to USD 5.6 billion [...]
Continue reading...Retail wants industry status, hike in FDI cap
Wednesday, February 17, 2010
Barely recovering from the slump in the economy, organised retailers in the country today said the sector should be given industry status, besides easing foreign investment norms in the forthcoming Budget. “Industry status has been a long standing demand of the retail sector. Besides we also want a relaxation in the foreign direct investment (FDI) norms,” [...]
Continue reading...Govt Doubles Ceiling on Automatic Foreign Investment
Tuesday, February 16, 2010
A month and a half before the unveiling of India’s consolidated foreign investment policy, the government on Thursday doubled the ceiling on automatic foreign investment from Rs 600 crore to Rs 1,200 crore. Union commerce minister Anand Sharma, who announced the decision, said the move is expected to make India a more attractive destination for [...]
Continue reading...DIPP Sets Monitoring Cell to Scan End-Use of FDI Raised by Realty Firms De
Friday, December 18, 2009
The department of industrial policy & promotion (DIPP) has set up a monitoring cell to investigate the end-use of foreign funds raised by realty firms, according to official sources. Its objective: to ascertain whether companies diverted the money to areas where FDI is banned like buying agricultural land. The development comes at a time when [...]
Continue reading...Govt Plans to Remove Bar on GDRs and FCCBs of Real Estate Companies
Wednesday, December 16, 2009
The government is planning on removing the lock-in on trading in capital market instruments such as Global Depository Receipts (GDRs) and Foreign Currency Convertible Bonds (FCCBs) issued by real estate companies. This is consistent with the government’s decision to review the three year lock-in on foreign direct investment in real estate companies. In November, the [...]
Continue reading...Realty may see no FDI lock-in
Friday, November 27, 2009
Boost For Construction As Commerce Min Pushes For More Foreign Funds The commerce ministry has moved a proposal to remove the condition of the minimum lock-in period for repatriation of FDI in construction industry. According to a note circulated among pertinent ministries for their comments, the move is aimed at further easing FDI flow in [...]
Continue reading...Govt may scrap 3-year lock-in for FDI in real estate
Tuesday, November 24, 2009
Doing away with this lock-in period has been a long-standing demand of Indian developers as well as foreign investors To boost foreign direct investment (FDI) in real estate, the government may remove the mandatory three-year lock-in period for overseas investments in the sector. The department of industrial policy and promotion (DIPP) has proposed this move, with a [...]
Continue reading...Emaar MGF Being Investigated for alleged violations of FDI Norms
Wednesday, October 7, 2009
Emaar MGF Land Ltd, which plans to hit the market with an initial public offer (IPO) soon, might be carrying a jinx of sorts. The developer of the Commonwealth Games Village 2010 is now under investigation by the Enforcement Directorate for alleged violations of foreign direct investment (FDI) norms. The ED believes the company diverted [...]
Continue reading...Govt weighs 3-yr lock-in on FDI in real estate
Monday, July 27, 2009
The government is weighing the impact of a possible three-year ban on stake sale by foreign investors in real estate projects, a decision that could affect future capital inflows into the sector. Real estate developers had recently urged the government to reinterpret a provision in the foreign direct investment guidelines, so as to stop overseas investors from [...]
Continue reading...India Goes Down to Third Spot in FDI Ranking
Saturday, July 25, 2009
India has dropped to third place in global foreign direct investments (FDI) this year following the economic meltdown, but will continue to remain among the top five attractive destinations for international investors during the next two years, says Unctad (United Nations Conference on Trade and Development) in a new report on world investment prospects. Last [...]
Continue reading...SEZs attract over Rs 10,900 cr FDI in 3 years
Wednesday, July 15, 2009
The country’s special economic zones (SEZ) have attracted foreign direct investment (FDI) of over Rs 10,900 crore in the last three years, Minister of State for Commerce and Industry Jyotiraditya Scindia said today. “According to the readily available information, the total foreign direct investment in SEZs is to the tune of Rs 10,983 crore,” Scindia said [...]
Continue reading...Real estate is still preferred as a good investment option
Tuesday, June 30, 2009
Real estate is still preferred as a good investment option The real estate sector plays a significant role in India’s economy. Almost 5% of the country’s gross domestic product (GDP) is contributed by housing alone and an unit increase in expenditure in this sector has a multiplier effect and the capacity to generate income as high [...]
Continue reading...Move to grant 1 FSI in farm areas for townships
Tuesday, June 23, 2009
Pune: Farm lands and no-development zones in Pune, including green belts, may soon be opened up for construction, even up to 100% of the plot size, for developers executing special township schemes (STS). The municipal administration has sought the approval of the general body to amend the city’s Development Control (DC) rules to allow one floor [...]
Continue reading...House panel against FDI in retail
Tuesday, June 9, 2009
Proposes Blanket Ban On Entry Of Foreign And Domestic Biggies In Sector New Delhi: You are unlikely to see swanky stores or malls of well-known foreign retailers mushrooming in your neighbourhood anytime soon. Despite the government’s objective of attracting more FDI, political opposition to foreign investment in retail refuses to die down. The latest roadblock [...]
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- Supertech to invest Rs 4,000 cr in 15 projects; plans IPO
- Emaar MGF to invest Rs 500cr on Gurgoan housing project
- Metro Rail take four years to go Greater Noida
- Tallest Indian skyscraper gets its act together
- Shapoorji, Ethiopia ink 50,000ha land deal
- Why collect tax if building illegal? SCB asked to clarify
- Builders cash in on proposed infra projects to hardsell flats
- ‘Set up panel to check SRA fraud’
- Industrial plots not for houses
- Khaitan IAS man to Head Delhi Real Estate Practice
Tuesday, February 23, 2010
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