FDI rush- Modi plan to make retail realities happen
“Ab ki Baar Modi Sarkar”, we’ve heard that over the months before the Lok Sabha elections could have happened this year. The orange brigade now in power, Bharatiya Janata Party has made it clear at the centre that there would be a revival when it comes to foreign investments making inroads and the development of realty sector happening. It is the automatic route which permits 100 percent SDI in the sector at the moment, covering the following;
- Townships
- Housing
- commercial premises
- hotels
- resorts
- hospitals
- educational institutions
- recreational facilities
- city and regional-level built-up infrastructure and more says a source
The outgoing government paid a dead hear to the needs of relaxing the riders on FDI in the recent past, when it was brought to the cabinet by DIPP. Real estate honchos are hopeful of improvements which are on the anvil with regard to near term investment needs. There is a lot of money in the domestic markets which can bring about good investment options, and there are investors waiting and willing to strike such valuable deals too, say sources. In addition to that, foreign money too is almost at the door, waiting to make an entry but is keeping a close eye on the political weather in the nation. However, just because Modi now is in power, one shouldn’t bank on the new PM (to be sworn in) of India to show sharp upward movements for FDI overnight. Sentiments say many business honchos needs to be pushed upward and especially in the investor community. Visibility for the impact noticing would happen not before six to twelve months, and the demand would only rise when positive sentiments are brought along into the once dead sector. Ache din aane wale hai or not, we shall wait and watch. Source: Business Standard
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