Cabinet note on FDI in rail, construction sectors ready: Sharma

Tags: News
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 the 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.

EDITORIAL OF THE DAY

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture