India approves Walt Disney’s Rs.1,000 crore investmentAugust 23rd, 2012 - 9:18 pm ICT by IANS
New Delhi, Aug 23 (IANS) The Indian government Thursday said it has approved US-based Walt Disney’s Rs.1,000 crore investment proposal in broadcasting business in India.
Based on the recommendations of the Foreign Investment Promotion Board (FIPB), the government approved the Walt Disney’s investment proposal at a meeting held July 27, 2012, finance ministry said in a statement.
The American firm’s proposal is for “induction of foreign equity for inter alia expansion of the business and making downstream investment in other companies and subsidiaries of the company, including broadcasting companies.”
The government has also approved nine other investment proposals. The total approved foreign direct investment (FDI) in the 10 proposals are to the tune of Rs.1,259.92 crore.
Meanwhile, the government has deferred 16 proposals and rejected four proposals of overseas investments.
- Government okays 14 FDI proposals worth Rs.1,584 crore - Jul 24, 2012
- India clears 20 FDI proposals worth $373 million - Jan 10, 2012
- Government okays FDI proposals worth Rs.4,341 crore - Jan 13, 2011
- 16 FDI proposals worth over $20 million accepted - Jun 07, 2011
- Eight FDI proposals approved - Dec 15, 2010
- Govt okays 19 FDI proposals worth $959 million (Lead) - Jan 13, 2011
- India okays 18 FDI proposals - Aug 17, 2011
- India clears 22 FDI proposals worth $112.5 million - Apr 20, 2012
- Govt okays FDI proposals worth Rs.2,727 crore - Sep 23, 2010
- Government clears 12 FDI proposals including Walt Disney - Feb 22, 2010
- Foreign investment proposals worth Rs.1,361 crore cleared - Oct 22, 2009
- 14 FDI proposals worth Rs.733 crore approved - Jan 28, 2010
- Centre approves FDI proposals worth over Rs.2000 crore - Jul 23, 2010
- Foreign investment proposals worth Rs.524 cr approved - Dec 30, 2009
- Telenor given green signal to up stake in Unitech (Lead) - Oct 19, 2009
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