https://www.taxtmi.com/news?id=2470 The policy confirms FDI up to 100% under the automatic route in construction development is subject to conditionalities such as minimum area, minimum capitalization and a lock-in period, but those conditionalities are exempted for hotels and tourism, hospitals, SEZs and NRIs. The Government has extended that exemption to the Education Sector and Old age Homes, removing the general conditionalities (including the lock-in period) for these categories to facilitate infrastructure development. en-us Wed, 30 Nov 2011 14:30:03 +0530 Wed, 30 Nov 2011 14:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2470 The policy confirms FDI up to 100% under the automatic route in construction development is subject to conditionalities such as minimum area, minimum capitalization and a lock-in period, but those conditionalities are exempted for hotels and tourism, hospitals, SEZs and NRIs. The Government has extended that exemption to the Education Sector and Old age Homes, removing the general conditionalities (including the lock-in period) for these categories to facilitate infrastructure development. News - Wed, 30 Nov 2011 14:30:03 +0530 https://www.taxtmi.com/news?id=2470