The government has approved 29 foreign direct investment (FDI) proposals worth Rs 616 crore including AAPC Singaporeâ€™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 Handlingâ€™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 Technologiesâ€™ 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 Unitechâ€™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.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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