Foreign Direct Investment (FDI) in townships housing, built-up infrastructure and Construction projects

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.... Note 2 (2005 SERIES) Subject :  Foreign Direct Investment (FDI) in townships housing, built-up infrastructure and Construction projects With a view to catalysing investment in townships, housing, built-up infrastructure and construction projects as an instrument to generate economic activity, create new employment opportunities and add to the available housing stock and built-up infras....

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.... suffice b. The investment would further be subject to the following conditions:  i. Minimum capitalization of US$10 million for wholly owned   subsidiaries and US$ 5 million for joint ventures  with    Iindian partners, The funds would have to be brought in within six months of commencement of  business of the Company. ii. Original investment canno....

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....re he would be allowed to dispose of serviced housing plots. d. The project shall conform to the norms and standards, including land use requirements and provision of community amenities and common facilities, as laid down in the applicable building control regulations. bye-laws, rules, and other regulations of the State Government/Municipal/Local aody concerned. e.  The investor shall ....