India okays 18 FDI proposals
August 17th, 2011 - 6:41 pm ICT by IANSNew Delhi, Aug 17 (IANS) The government Wednesday said it has approved 18 foreign direct investment (FDI) proposals worth Rs.122.79 crore but deferred 16 proposals, including the sale of stake by Essar to Vodafone.
The major monetary inflow includes a Rs.81.62 crore investment proposal by Pipavav Defence and Offshore Engineering Company in shipbuilding and ship repairs and Rs.17.77 crore investment by Air Works India (Engineering) Private Ltd, the finance ministry said in a statement.
The Foreign Investment Promotion Board, in its meeting held Aug 5, also okayed Disney Company India Private Ltd’s proposal for additional activity of broadcasting and downlinking in the country.
A total of 39 proposals were considered, of which 18 were approved, four were rejected and a decision on 16 was deferred, while one firm has been directed to approach the Reserve Bank of India for final approval.
- Eight FDI proposals approved - Dec 15, 2010
- Government plea on Vodafone tax verdict dismissed (Second Lead) - Mar 20, 2012
- FDI inflow to India more than double at $4.66 bn in May - Jul 04, 2011
- Centre approves FDI proposals worth over Rs.2000 crore - Jul 23, 2010
- Government seeks review of Supreme Court's Vodafone verdict (Lead) - Feb 18, 2012
- Warship building in India gets boost through public-private effort - Mar 04, 2012
- India clears 22 FDI proposals worth $112.5 million - Apr 20, 2012
- FDI inflow in mining increases - Aug 05, 2011
- Government's plea for Vodafone verdict review dismissed (Lead) - Mar 20, 2012
- India's apex court saves Vodafone $2.2-bn tax burden (Roundup) - Jan 20, 2012
- 16 FDI proposals worth over $20 million accepted - Jun 07, 2011
- Pirmal Healthcare scrip up 1.62 percent day after Vodafone deal - Aug 11, 2011
- India clears 20 FDI proposals worth $373 million - Jan 10, 2012
- Government clears 12 FDI proposals including Walt Disney - Feb 22, 2010
- Government clears foreign investment worth Rs.2,325 cr - Mar 29, 2010
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