13 FDI PROPOSALS WORTH RS 393.62 CR OKAYED

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The government has approved 13 foreign direct investment projects, including a proposal of Dish TV, entailing total overseas investment of Rs 393.62 crore. Essel Grouppromoted Dish TV India aims at bringing in foreign inflows of Rs 243.40 crore. Sterlite Technologies’ Rs 103.95 crore proposal to issue and allot warrants on preferential basis has also been granted. TM International Logistics of Kolkata is likely to bring in foreign funds of Rs 40 crore to issue shares against consideration other than cash. Other approved proposals include that of Sistema Shyam Teleservices, General Motors Acceptance Corp, S & S Media (India) Enterprises of Bangalore, Taneja Aerospace, Ramboll Singapore Pte, Kludirak India, InfxQ Knowledge Services, L Occitane Singapore, Strata Geosystems and Devas Multimedia.

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