Business Standard

FIPB to take up 42 FDI requests on Friday

Proposals include that of Fabindia Overseas, Bajaj Finserv and Tara Aerospace Systems

Related News

The is scheduled to consider this week 42 foreign direct investment proposals, including that of , and Tara Aerospace Systems.

The Foreign Investment Promotion Board (FIPB) headed by Secretary of Economic Affairs Department will meet on June 29, the Ministry said.

The proposals of Zen Technologies (defence production), Triton Hotels and Resorts (tourism), Bhilwara Energy (power) and Paragon Asset Reconstruction (financial services) are are also on the agenda of FIPB.

As per the agenda, maximum applications are related with health and family welfare followed by financial services. There are three proposals for foreign investments in the telecommunications sector.

Of the total, 22 applications are fresh and 14 are those on which decisions were deferred in the previous FIPB meetings.

Standard and Poor's and Fitch lowering India's credit outlook to negative from stable notwithstanding, Swedish retailer last week approached the government for permission to invest Rs 10,500 crore (1.5 billion euros) in the single brand retail sector.

inflows in the country in 2011-12 was $36.50 billion.

India allows FDI in most of the sectors through automatic route, barring in certain sensitive segments like telecom and defence.

Read more on:   
|
|
|
|

Read More

BCCI bans players caught in IPL spot-fixing scam

Cracking the whip on domestic cricketers caught in the IPL spot-fixing scandal, the BCCI today slapped a life ban on pacer T P Sudhindra and handed ...


Advertisements

Quick Links

Back to Top