Commerce ministry preparing cabinet note on FDI norms for railways, construction

Union Commerce Minister Anand Sharma has said his ministry is in the process of preparing a cabinet note on Foreign Direct Investment (FDI) norms for both the railways and construction sectors.

He said the government is mulling to revisit the gold import norms, keeping demand and supply in view.

Last year, the government had relaxed FDI norms in several sectors, including telecom, defence, and stock exchanges.

Sharma said FDI into the country is expected to touch over 220 billion dollars during the UPA-2 regime.