Make in India push: Invest $2 billion tagged posts

Make in India push: Invest $2 billion, get residency permits and special rates for utilities

NEW DELHI: If a foreign company invests $2 billion, it will get residency permitsallowing long stay in India for its key executives as well as cheap rates for utilities and a special package on upscale housing. That’s the latest policy idea of the Modi government, which is pushing hard to make India a more attractive foreign investment destination.

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Senior officials, who spoke on the condition they not be identified, told ET the proposal could be formally unveiled after the Budget session of Parliament gets over in mid-March.

A finance ministry proposal, the residency permit policy file is now being reviewed by other ministries...

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