ANNOUNCEMENT 29 Sep 2011In September 2011, the government of India announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
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
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.