 "CCEA to take Rs 10,000 cr FDI proposal of IDFC")
The proposal by IDFC Trustee Company to set up an alternative investment fund for receiving contributions from international investors has been referred to CCEA by the Foreign Investment Promotion Board (FIPB).
The proposed fund relates to infrastructure development.
FIPB does not have an ambit to clear proposals involving foreign direct investment (FDI) of over Rs 1,200 crore.
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