Foreign Direct Investment (FDI) in Construction Development Sector

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..... Attention of Authorised Dealer (AD) banks is invited to Schedule I of Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. 2. With a view to catalyzing FDI intownships, housing, built-up infrastructure and construction development projects, Government of India, (Ministry of Commerce Industry), vide Press Note 2 (2005) dated March 3, 2005, has decided to permit FD .....

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..... f the Government Notification G.S.R. No. 513(E) dated July 29, 2005 incorporating the amendment is annexed. 4. Authorised Dealer banks may bring the contents of this circular to the notice of their constituents/customers concerned. 5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are with .....

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