New FDI Policy Impact Analysis on Indian Hospitality

The revised Foreign Direct Investment Policy issued by Department of Industrial Policy and Promotions (DIPP) as part of its scheduled mid-year review threatens to have a serious negative impact in the overall hospitality investment climate specifically and to the overall investment environment for the real estate sector at a macro level. While India is a country where 100% Foreign Direct Investment (FDI) in the hospitality sector continues to be permitted up to 100 per cent trough the automatic route. However, as per the revised guidelines any Equity Instrument including Cumulative Convertible Preference Shares (CCPS), if attached...

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