Cabinet note on FDI in rail, construction sectors ready: Trade Minister - Compiled By Exim Rite
Union Commerce and Industry Minister Anand Sharma today said the cabinet note on allowing foreign direct investment (FDI) in the railway and construction sectors has been cleared.
"Yes, we have cleared the Cabinet note on the FDI proposal in the railway and construction sectors," he said.
Sharma was in town to sign MoUs with t
e state government and other stakeholders for the Delhi Mumbai Industrial Corridor project.
"As far as my ministry, the nodal ministries and others are concerned, we have completed all the processes. The proposal will take a final shape soon," he added.
The Department of Industrial Policy and Promotion had proposed relaxation of FDI norms in the construction sector and 100 per cent FDI in the railway sector. "We hope liberalisation of FDI in both the sectors will be a major step," Sharma said.
The Central Chamber of Commerce and Industry Minister Anand Sharma has today allow a Cabinet note railway and construction sectors to foreign direct investment (FDI) has been approved. "Yes, we train and construction sectors FDI approved the Cabinet note on offer," he said. Delhi Mumbai industrial corridor Sharma State Government and other stakeholders for the project to sign MOUs with the city. "As far as my Ministry, nodal ministries and others are concerned, we have completed all procedures. The proposal will soon be finalized, "he said. Department of industrial policy & promotion railway construction in the region in terms of foreign direct investment and 100 per cent of FDI. "The liberalisation of foreign direct investment in the us a big step will be," Sharma said.
