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Hail eased construction norms, but benefits to lag: LT

The new policy has done away with the three-year lock-in period for repatriation of investment.

The government on Wednesday relaxed rules for foreign direct investment (FDI) in the construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms. It has also allowed for 100 percent FDI in sonstrcution space via automatic route.

While this is a positive move, the benefits of implementing the new norms will flow in with a lag, believes SN Subrahmanyan, whole-time director & senior executive vice president (construction), Larsen & Toubro .

Furthermore, he believes some stability will come in capital flows in the infra space soon.

Transcript to follow soon. 

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