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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture