Construction Sector in India
Friday, March 1, 2024
- United Nations projects India’s population to be 1.64 Bn by 2047, an estimated 51% of India’s population is likely to be living in urban centres.
- One of the leading recipients of FDI in the country; construction development sector inflows $32 Bn (Apr 2000-Sept 2023)
- 100% Foreign direct investment in the construction industry in India under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes, and business constructions.
- 100% Foreign direct investment in the construction industry is allowed under the automatic route for urban infrastructures such as urban transport, water supply, sewerage, and sewage treatment.
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