India: Removal of limitation on FDI in construction
Description
On 29 September 2011, the government of India announced a removal of certain limitations for foreign direct investment in the construction industry for old age homes and all educational institutions. With immediate effect, requirements for a lock-in-period and a minimum build up area were abolished.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered:
Implemented: Yes
Date of inception: 29 Sep 2011
GTA Evaluation: Green
Source:
Department of Commerce. (2011). ANAND SHARMA CHAIRS FIRST MEETING OF GOVERNMENT-INDUSTRY TASK FORCE REMOVES LIMITATIONS ON FDI IN CONSTRUCTION INDUSTRY FOR OLD AGE HOMES, EDUCATIONAL INSTITUTIONS EXPORT INCENTIVES TO BE ANNOUNCED BEFORE DIWALI. Available at http://commerce.nic.in/PressRelease/pressrelease_detail.asp?id=2834
Government Response:
- 387 reads
