Finance minister clears 17 foreign investment proposals
September 4th, 2008 - 8:51 pm ICT by IANSNew Delhi, Sep 4 (IANS) Finance Minister P. Chidambaram Thursday approved 17 foreign investment proposals worth Rs.18.44 billion, which were earlier cleared by the Foreign Investment Promotion Board (FIPB) Aug 26.The proposals relate to sectors concerning chemical and petrochemicals, commerce, information and broadcasting, power, urban development, information technology and telecommunication, the government said here in a statement.
However, nine proposals have been deferred that include one of Mumbai’s Tata Investment Corp.
Proposals of Aditya Birla Telecom Ltd and Japan’s Daiichi Sankyo Co Ltd have been recommended for the consideration of the cabinet committee on economic affairs (CCEA), as the investments involved are above Rs.6 billion.
Euchner Industrie Beteiligungen Gmbh of Germany has been given approval to set up a wholly-owned subsidiary to carry out wholesale trade in electronic equipment and accessories.
Publising group IBN Lokmat News Pvt. Ltd has been allowed to induct foreign investment, direct or indirect, up to 13 percent of the issued, subscribed and paid-up share capital including present indirect foreign holding in the company.
Similarly, BBCW Channels Pvt. Ltd can now undertake downlinking and distribution of television channels in India. Also BBC Worldwide (India) Pvt. Ltd can make an amendment in the existing approval letter for inclusion of the term “downlinking”.
- Eight FDI proposals approved - Dec 15, 2010
- Finance minister can approve bigger foreign direct investments now - Feb 11, 2010
- Government okays FDI proposals worth Rs.4,341 crore - Jan 13, 2011
- Govt okays FDI proposals worth Rs.2,727 crore - Sep 23, 2010
- Foreign investment in pharma to face competition check - Oct 11, 2011
- 16 FDI proposals worth over $20 million accepted - Jun 07, 2011
- CCEA reviews list of cases requiring prior approval for FDI - Feb 11, 2010
- India okays 18 FDI proposals - Aug 17, 2011
- Competition check for FDI in pharma will help consumers: CUTS - Oct 11, 2011
- Ranbaxy settles issue with US health regulator - Dec 21, 2011
- India clears 20 FDI proposals worth $373 million - Jan 10, 2012
- Cabinet clears FDI route for development fund - Mar 05, 2010
- Government amends rules to toughen entry for TV channels - Oct 07, 2011
- Telenor given green signal to up stake in Unitech (Lead) - Oct 19, 2009
- Govt okays 19 FDI proposals worth $959 million (Lead) - Jan 13, 2011
Tags: aditya birla, cabinet committee, daiichi sankyo, foreign investment promotion board, india pvt ltd, investment promotion board, investment proposals, lokmat, p chidambaram, telecom ltd
