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Govt. to re examine on 3 year lock of FDI

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New norms and regulations bring new anxiety every day for the overseas investors. As per the sources reported at www.propertykhazana.com the recent calling of three year lock for foreign investors as a part of FDI has concerned a lot for both the realty and economic experts of the nations. This ban of three years may further put hold on the upcoming projects of the foreign investors pushing the country’s crawling economy towards more dark age of fund deficiency.
The three year lock covers the norms restricting the sale of any investment to any party in the bracket of 5 million dollars during their initial three years of promotion as per the added sources on www.propertykhazana.com. So a middle way for the issue is discussed at the core level of country’s financial den to revive the norm, so that liquidity of the country keeps flowing with the aid of foreign investors and development flows with no obstacles in and around the investments.
On a short note with www.propertykhazana.com a senior official of the matter reveals that “a further change in the foreign investment norms can not be denied and we are working hard on the issue but the final results are yet to be declared with in a short while as the investment matter is very susceptible towards the growth of the country”. The current law of FDI restricts the investment at least with the sum of 5 million dollars which should in action with in six months of beginning of the business and is not liable to recurrence with in 3 years from the conclusion of ‘minimum capitalization.’ For more and latest Indian real estate news browse www.propertykhazana.com.
Source: NBTVLIVE

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