Govt approves 28 FDI proposals for Rs 1327.7 cr

"Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 24, Finance Minister P Chidambaram has approved 28 proposals of FDI, said a Finance Ministry statement.     

The approved proposals relate to Ministries and Departments of Chemicals & Petro-chemicals, Industrial Policy & Promotion, Information & Broadcasting, Urban Development, Tourism and Economic Affairs.     

Two other retail proposals which got approval are