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.


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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