CENTRE APPROVES 29 FDI PROPOSALS WORTH RS 616 CR

Search News

The government has approved 29 foreign direct investment (FDI) proposals worth Rs 616 crore including AAPC Singapore’s Rs 365-crore hotel project. AAPC plans to set up a wholly-owned subsidiary in India for its hospitality venture, a finance ministry statement said. The government has also allowed ABG Bulk Handling’s plan to convert its operating company into an operating-cum-holding company. It proposes to make downstream investments of Rs 90 crore. Other proposals cleared by the government include Rs 50 crore investment proposal of Cinema Capital Ventures Fund, US-based Telcordia Technologies’ plan to induct foreign equity up to 74% in the mobile number portability solutions business and Telcordia plan to invest Rs 45 crore in its Indian operation. The FIPB, however, deferred Gurgaon-based real estate company Unitech’s proposal to make downstream investments in real estate sector. It also deferred 18 other applications including FDI proposals of John Deere Construction, BNP Paribas Securities Services, Yamaha Motor India, Quippo Telecom Infrastructure and Hiranandani Realtors.

Find Lawyer / Law Firm

Importance of Immigration Lawyers

As Indians we know India in itself is an amazing nation and even the world agrees with that, however, grass is always greener on the other side and that is why Indians desire to immigrate a More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More