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Govt clears foreign investments worth Rs 12,200 crore

15 of 24 FDI proposals were approved while three were rejected, say sources

Press Trust of India  |  New Delhi 

An inter-ministerial body on Tuesday approved 15 foreign investment proposals, including those relating to Apollo Hospitals, Hindustan Aeronautics, Dr Reddy's, and Vodafone, worth Rs 12,200 crore. "15 of 24 FDI proposals were approved while three were rejected," sources said. The Foreign Investment Promotion Board (FIPB), headed by economic affairs secretary Shaktikanta Das, deferred six proposals, including that of Gland Pharma. These proposals were deferred for further consultation and want of more information, sources added. Among the proposals ...

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First Published: Tue, February 21 2017. 20:07 IST
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