Grounding Investment in India: States jostle for FDI; Ease Land Acquisition Norms

Mr. Alok Tewari, Senior Partner, Kochhar & Co., along with real estate team comprising of Ms. Shivika Upadhyay, Senior Associate; Ms. Niharika Vij, Associate; and Mr. Vishal Singh, Associate present a snapshot of plethora of incentives various Indian states are offering to woo foreign investment.

The  article provides a snapshot of the incentives being offered by various Indian states through their industrial and sectoral policies for grounding investments in their respective territorial boundaries. India has been adopting a two-fold approach to attract inbound investors by rolling out incentives both at the central and state level. A trend that has emerged over the last decade is that states have been outcompeting one another to attract business by giving impetus to investment opportunities at various levels with a view to foster an investor-friendly environment by reforming schemes , removing policy bottlenecks, ensuring land availability and playing to their advantages that are unique to each state. 

This Article also provides an insight for Companies that are looking to relocate their investments to India amidst the current market disruption owing to the ongoing pandemic but are evaluating on which state to set up their shop in. It is needless to say that keeping in mind the sheer diversity of the varied real estate laws in India, investors looking to relocate must carry out detailed due diligence as a pre-investment step.

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