NRI Real Estate and Property Investment in India
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Indian Government Sets Rules for Foreign Investment in Industrial Parks
Thursday, March 13, 2008

The government on Wednesday set out conditions for automatic approval of 100 percent foreign direct investments in industrial parks.

Such parks would have to house a minimum of 10 industrial units and at least 66 percent of their developed area would have to be allocated for industrial activity, a trade ministry note said. No single unit could occupy more than half of the allocable area, the note added.

If these conditions were met, investors would not need to conform to guidelines on minimum investment and minimum area developed, which are applicable for housing, commercial and regional infrastructure projects, it said.

India has allowed 100 percent foreign investment in industrial parks in 2000 and in 2005 granted similar permission for other construction projects, but with certain conditions.

 


 

 

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