construction sector
Commerce and Industry Minister Nirmala Sitharaman has said in a recent statement that the Government is mulling a proposal pertaining to the easing of the norms related to foreign direct investment (FDI) in the construction sector. With Sitharaman disclosing that the Government is currently working on a proposal under which FDI norms in construction development [...] Continue Reading »
BEML Ltd, manufacturer of heavy earth moving equipment for mining and construction sectors, has launched an indigenously developed new version of motor grader – BG405A for deployment in the infrastructure/construction sector. The new motor grader is BS III compliant engine with a net horsepower of 119HP and is certified by ARAI. BG405A is designed with [...] Continue Reading »
According to a report, in the third quarter of the current fiscal, Investment cycle in the construction sector is likely to improve if a stable government comes to power at the Centre after the general elections. Credit rating agency ICRABSE mentioned in its report that until September, though there were expectations of facing execution challenges [...] Continue Reading »
According to the report, the Indian construction and real estate sector continues to be a favored destination for global investors and businesses. As per the tax and advisory firm, Grant Thornton, the large numbers of people are shifting towards the cities and the interest shown by the buyers to invest in the real estate market will [...] Continue Reading »
The urban development ministry is proposing for an important change in the foreign direct investment (FDI) policy for construction sector, which will permit foreign investors to purchase farm land in India. There has been a proposal to relax the FDI rules for construction and housing by the Department of Industrial Policy and Promotion (DIPP). It has suggested that a company owned and [...] Continue Reading »
Delhi- In order to promote low-cost housing projects, the government is planning to allow foreign direct investment (FDI) in such projects, subject to a host of conditions, including a lock-in period and minimum capital requirements. At present, FDI is banned in the real estate business but 100 percent FDIis allowed in the construction development projects [...] Continue Reading »
The construction sector in the past 2-3 years has been witnessing order inflows with land acquisition and policy paralysis issues being the key factors. It is expected that the upcoming Budget will usher in solutions in terms of allocation across segments like roads, urban infra, irrigation, power and so on. The realty industry expects that [...] Continue Reading »
In spite of economical issues, construction field remains buoyant, particularly from the private housing as well as industrial segments, according to RICS India Structure Industry survey. According to the report, lack of labour and fiscal demands continue being the prominent factors limiting construction activity followed by planning and regulatory issues, the report explained. Challenge in [...] Continue Reading »
Recently, Japan has revealed that it is looking forward to play a major role in developing India’s infrastructure mainly focusing on the construction sector. Currently, there are about 900 companies who have invested in India specifically in the manufacturing sector. There are only a few companies who have invested in infrastructure space. It is seen [...] Continue Reading »
