INDIAN NEWS & TIMES

Tuesday, January 23, 2018

Mr. AshAshwin_Sheth__Chairman___Managing_Director__Sheth_Groupwin Sheth, Chairman and Managing Director, Sheth Group said, “We applaud the cabinet’s nod to allow 100% FDI in the construction sector via automatic route.

The decision will promote ease of doing business in the country and contribute to increase in income and employment. Additionally, it will help strengthen the value of the rupee against global currencies.

FDI in construction is expected to provide a significant boost to the real estate sector.

The Government’s ambitious projects like ‘Housing For All By 2022’ and ‘Construction of 100 Smart Cities’ will now flourish owing to the substantial participation by the foreign investors.

This is a step in the right direction and meets most of the industry demands which will propel the growth of the realty sector.”