Consideration will be given to easing FDI standards in various sectors

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New delhi date. 27 January 2021, Wednesday

The government is considering easing standards for foreign investment in various sectors, including construction, in the next budget. The consideration is part of increasing foreign direct investment (FDI) in various sectors of the country, finance ministry sources said.

Considering that construction is one of the employment generating sectors, a proposal to increase FDI in construction of townships, roads, hotels and hospitals is under consideration.

In addition, 100 per cent FDI in animation and gaming is to be announced in the budget to encourage home-based startups.

The investment will be attracted through the Limited Liability Partnership, which is part of a revival of the Corona-affected country's economy, the sources added. Between April 2020 and September 2020, FDI inflows to the construction sector stood at 2.50 billion.

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