Скачать или смотреть Modi Cabinet Gives Push To FDI & Construction Sector

Prime Minister Narendra Modi-led Cabinet today approved a slew of proposals aimed at encouraging foreign investment in the country and also reviving the stalled construction projects.
The idea of promoting investment and de-stressing the construction sector is to aim for higher growth and employment.

In a bid to encourage foreign investment, the Cabinet has approved a scheme for granting permanent residency status to foreign investors with subject to relevant conditions being met. These will be specified in the FDI Policy notified by the government from time to time.

The Cabinet has also given its ex-post-facto approval for FDI policy amendments that were announced by the Modi government on June 20th this year.

The CCEA led by PM Modi has also approved several measures to revive the construction sector. Finance minister Arun Jaitley believes that the move will ease rules for quicker settlement of disputes in the construction sector.