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The role played by Indian government in encouraging FDI proposals

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The major segment of earnings was apportioned in the area of real estate of about 4080 crores because the foreign investors were keen on investing into the Indian real estate, as the approval was sanctioned on Thursday by the Indian government.
The group of two investments was approved with the consent of group of foreign investors by the finance minister P.Chidambaram. These investments involved commercial as well as investments in residential sectors and also investments for IT parks and at SEZ’s.
Meanwhile, the reported sources at the www.propertykhazana.com said that the venture capital company knowing Urban Infrastructure Ventures Capital Ltd joined it’s hands in order to provide finance to the first group of investments with an with an initial amount of 2484 crores.
In an order to invest in real estate projects at India the venture capital company started providing finance. As the foreign construction companies and other investors were interested to invest huge amount of 30000 crores in the Indian real estate ,the FM had advised to create a fund called as Peninsula Realty Fund(PRF)and to keep a reserve of1596 crores from out of which this amount would be made use for the construction of the projects.
Two different schemes were created by PRF naming A and B in which one of the schemes dealt in encouraging the welfare of the local investors (scheme A) and the other scheme B dealt with the investments of projects.
In order to develop itself into massive ones, it was searching out for major projects and also it had the plan of developing SEZ’s and technology parks at Goa and at Pune.
Source: NIMMA BENGALURU

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