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.
Tag: Foreign Investment Promotion Board
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Govt okays 17 FDI proposals of Rs 992.61 cr
The Union government has approved Rs 992.61 crore valued 17 proposals of Foreign Direct Investment (FDI). The approvals have been made based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on last July 29, 2013, the government reports said September 3.
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FIPB receives application from Axis Bank
Foreign Investment Promotion Board (FIPB) received an application from Axis Bank for hiking its foreign shareholding limit. As on June 30, 2013, the foreign shareholding in the bank stood at 48.96 percent. This includes inve
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Navayuga Road Projects to invest Rs 357.60 cr
The Government has approved six foreign direct investment (FDI) proposals worth over Rs 732 crore based on the Foreign Investment Promotion BoardÂ’s recommendations. The two largest proposals notified by the Finance Ministry include Hyderabad-based Navayuga Road ProjectsÂ’ plans to make downstream investments in its Special Purpose Companies worth Rs 357.60 crore and SIDBI Social Venture TrustÂ’s submission to bring in foreign investment worth Rs 285 crore by allotting some units of the Fund.
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AirAsia-Tata JV gets Indian govt’s nod
The Union government on March 26 stated that it had cleared Malaysian budget carrier AirAsiaÂ’s proposal to start a passenger airline in India in partnership with the Tata Group, with an investment of Rs 81 crore. The proposal was cleared by the Foreign Investment Promotion Board (FIPB).
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FIPB to consider AirAsia’s JV plan on 6 March
The foreign investment promotion board (FIPB) headed by economic affairs secretary Arvind Mayaram would consider on March 6 the investment plan of MalaysiaÂ’s AirAsia in a proposed joint venture with Tata Group for launching airline operation. AirAsia has applied to FIPB to take 49 percent in a ventu
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Govt clears 14 FDI proposals
Mumbai-based Hindustan Port received government approval to receive foreign funds worth Rs 440 crore for investment in downstream companies. The above plan is part of the 14 foreign direct investment (FDI) proposals worth about Rs 1,311.60 crore approved by the government recently based on the recommendations of Foreign Investment Promotion Board (FIPB).
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Govt clears 14 FDI proposals worth Rs 13 bn
Mumbai-based Hindustan Port received government approval to receive foreign funds worth Rs 440 crore for investment in downstream companies. The above plan is part of the 14 foreign direct investment (FDI) proposals worth about Rs 1,311.60 crore approved by the government recently based on the reco
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FIPB clears only one FDI proposal out of 14
While considering 14 proposals for Foreign Direct Investment (FDI), the Foreign Investment Promotion Board (FIPB) approved only one proposal worth Rs 27.27 crore, the Finance Ministry said in a statement. Of the remaining proposals, decision on six were deferred while seven other proposals were rejected. Decision of these 14 pending proposals was deferred at its earlier meeting, the Finance Ministry said in