Arcelor-Mittal proposal for foreign investment among 13 cleared

June 13th, 2008 - 7:00 pm ICT by IANS  

A file-photo of P. Chidambaram

New Delhi, June 13 (IANS) A proposal from global steel-maker Arcelor-Mittal to set up a holding company in India for various projects was among 13 proposals on foreign direct investment worth Rs.15.27 billion ($380 million) cleared by Finance Minister P. Chidambaram. According to an official statement Friday, the proposals had been earlier recommended by the Foreign Investment Promotion Board (FIPB).

The other proposals cleared include those from Dish TV in direct-to-home operations, Deutsche Bank in financial sector, Apollo group in healthcare, Indiabulls in power generation, and DLF in the realty industry.

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