Search Result for : Construction Development

The Dollar Business Bureau The next edition of consolidated FDI policy details were released by the Ministry of Commerce  on Aug 28, incorporating the changes made last year. The Department of Industrial Policy and Promotion (DIPP) in its press release said that the ‘new circular will take effect’ from today ie, Aug 28, 2017. The consolidated FDI policy is a compilation of the various decisions taken by the government in the past year and the DIPP which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. This enables an investor friendly climate for foreign investors who would otherwise have to go through various press notes and ...

The Dollar Business Bureau L&T Construction, a subsidiary of Indian multinational Larsen & Toubro Limited (L&T), has won orders worth Rs.2,416 crores across its several business divisions in the month of June this year.   The building and factories division of L&T has bagged orders amounting to Rs.1,165 crores. This includes a contract from a major developer in Mumbai for a high-rise residential project, the company said in a statement. The project’s scope of work includes civil and structural jobs for constructing two residential towers, each tower having three basements, seven podiums, 66 floors and other related buildings. The business also won an order from a leading client in Kolkata, for constructing of a mixed use development (MUD), it said.   The ...

Sai Nikesh | The Dollar Business    India’s real estate industry is expecting more than 15% increase in the inflow of capital from overseas annually after the government eased Foreign Direct Investment (FDI) norms, a survey has said. “While about 55% felt that there will be more than 15% annual increase in FDI flow into realty sector, 23% felt the increase to be in the range of 10-15% and 22% felt that increase will be less than 10% annually from here on,” said the survey report “Impact of FDI Reforms on Indian Real Estate Sector," conducted by the Federation of Indian Chamber of Commerce and Industry (FICCI). According to the Department of Industrial Policy and Promotion (DIPP), FDI inflow into construction ...

Dated November 10th, 2015 | Press Note | Today, India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. FDI has gone up by 40%. Several Global Institutions have projected India as the leading destination for FDI in the World. IMF has branded India as the brightest spot in the Global Economy whereas the World Bank projects India's growth at 7.5% and even better. 2. With coming of NDA Government to power, Shri Narendra Modi has expressed his commitment to poverty elimination, inclusive development [make India a developed Country] and also to make India a Global Manufacturing Hub. Being aware of the constraint of financial ...

Dated 3rd December, 2014 | Copy of | industrial Policy | PRESS NOTE NO.10(2014 SERIES) | 1.0  Present position: Paragraph 6.2.11 of the ‘Consolidated FDI Policy Circular of 2014’, effective from 17th April, 2014, relating to Construction Development Sector, presently reads as below: 2.0  Revised position: The Government of India has reviewed the FDI policy in this regard. Paragraph 6.2.11 of ‘Consolidated FDI Policy Circular of 2014’ will now read as under: 3.0  The above decision will take immediate effect.     D/o IPP File No.: 5/14/2013-FC-I Issued by: Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) New Delhi