Eight FDI proposals approved
December 15th, 2010 - 12:28 am ICT by IANSChennai, Dec 14 (IANS) India’s Foreign Investment Promotion Board (FIPB) has approved eight foreign direct investment (FDI) proposals totalling around Rs.883 crore (Rs.8.83 bn/over $195 mn approx), a government release said Tuesday.
A major chuck of the investment proposal approved belongs to L&T Finance Holdings Ltd’s proposal for FDI totalling around Rs.641 crore (Rs.6.41 billion), according to the statement.
The FIPB also approved Konecranes Finance Corporation proposal for induction of foreign equity in a company engaged in financing, investment and consultancy activities in the field of manufacture of cranes.
The FIPB also approved Tata Advanced Systems Ltd’s proposal for Rs.42.82 crore foreign equity to get into defence manufacturing activity and courier company Elbee Express to increase foreign equity participation to the tune of Rs.27.22 crore.
It deferred 14 FDI proposals including Intel Capital Corporation, USA, ABG Shipyard Ltd, Hindalco Industries Ltd, Lakshmi Machine Works Ltd, Verizon Communications, Essar Capital Holdings and others.
- 16 FDI proposals worth over $20 million accepted - Jun 07, 2011
- India clears 22 FDI proposals worth $112.5 million - Apr 20, 2012
- Govt okays 19 FDI proposals worth $959 million (Lead) - Jan 13, 2011
- Government okays FDI proposals worth Rs.4,341 crore - Jan 13, 2011
- India clears 20 FDI proposals worth $373 million - Jan 10, 2012
- Rs.5,434.5 crore FDI in telecom sector - Aug 24, 2011
- Centre approves FDI proposals worth over Rs.2000 crore - Jul 23, 2010
- Finance minister can approve bigger foreign direct investments now - Feb 11, 2010
- Govt okays FDI proposals worth Rs.2,727 crore - Sep 23, 2010
- India okays 18 FDI proposals - Aug 17, 2011
- Government clears foreign investment worth Rs.2,325 cr - Mar 29, 2010
- CCEA reviews list of cases requiring prior approval for FDI - Feb 11, 2010
- 14 FDI proposals worth Rs.733 crore approved - Jan 28, 2010
- Government says no wrongdoing in clearing Aircel-Maxis deal (Second Lead) - May 14, 2012
- Andhra inks MoUs for Rs.6.5 lakh crore investment (Lead) - Jan 13, 2012
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