Experts' Take
Prashant Tiwari, CMD, Prateek Group
Although, DEPP has permitted the FDI up to 10.0 per cent in construction development sector; there are certain policy changes that can allow foreign players to completely settle in India. Clauses such as minimum land area, minimum built up area, minimum capitalization norm, etc can be made more flexible in order to further attract FDI in India. This country has a lot of scope in almost everything, so why should we not provide further opportunities and leniency in FDI policy is one way to open such gates.
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