Foreign equity liberalisation for construction projects permits automatic approval for full foreign participation in specified infrastructure sectors. Press Note permits 100% foreign equity on the automatic route for construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, ports and harbours, subject to an overall project investment ceiling; it adds a new entry D-2 to Annexure III, modifies the related Part C entry, and requires applicants to specify activities using the National Industrial Classification when applying to the Reserve Bank of India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign equity liberalisation for construction projects permits automatic approval for full foreign participation in specified infrastructure sectors.
Press Note permits 100% foreign equity on the automatic route for construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, ports and harbours, subject to an overall project investment ceiling; it adds a new entry D-2 to Annexure III, modifies the related Part C entry, and requires applicants to specify activities using the National Industrial Classification when applying to the Reserve Bank of India.
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