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E-mail ID will not be published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

  • India must take the UN’s lead in recognising gay rights

    In what has by now become a matter of course, our judiciary again demonstrated that it is miles ahead of our government in terms of staying in tune wi

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

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Rajgopal Nidamboor

Forget the past and embrace the present

It is all right to believe that one should always ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture