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Govt nod to FDI in LLPs a good move: Adi Godrej

Adi Godrej, chairman of Godrej Properties feels that the government has taken a good move but there is no reason why the country should put restrictions in FDI in any field.

May 14, 2011 / 23:00 IST
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Recently, the government approved foreign direct investment (FDI) in LLPs (Limited Liability Partnership companies) but only in sectors like power, manufacturing, mining, roads and highways and drugs and pharmaceuticals. Real estate, however, has been excluded from this list. Adi Godrej, chairman of Godrej Properties feels that the government has taken a good move but there is no reason why the country should put restrictions in FDI in any field.

first published: May 13, 2011 02:17 pm

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