The Union Finance Ministry has said that the Foreign Investment Promotion Board (FIPB) has cleared 20 proposals worth Rs 915.83 crore. FIPB cleared the proposals on October 24, the Ministry said.
One proposal worth Rs 303.18 crore is by Singapore Airlines to set up a 49:51 joint venture company with Tata Sons to operate domestic and international full service scheduled passenger airline.
FIPB also cleared the Rs 179.43-crore proposal of Religare Enterprises to issue warrants to carry out the business of Investment Advisory Services and Financial Consultancy and to make holding investments in the NBFC sector.
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