FIPB to take up 8 investment proposals on April 17 meeting

Other investment proposals include those of Bluetown lndia, Ghel Rendev lndia, Baxter Healthcare

Inter-ministerial body Foreign Investment Promotion Board (FIPB) will consider 8 foreign investment proposals on April 17, including that of Vodafone Mobile Services, Panacea Publishing and bioMerieux lndia.

FIPB, headed by Economic Affairs Secretary Shaktikanta Das, is scheduled to meet on April 17. As many as 8 proposals are on the agenda, the Finance Ministry said in a meeting notice.

Other investment proposals on the table include those of Bluetown lndia, Ghel Rendev lndia and Baxter Healthcare (Asia), Singapore.

India allows foreign direct investment (FDI) in most sectors through the automatic route, but in certain segments considered sensitive for the economy and security, the proposals have to be first cleared by FIPB.

The government has taken a slew of measures in the recent past to boost foreign direct investment into the country.

FDI in the country grew by 29 per cent to $40 billion in 2015-16 as against $30.94 billion in the previous financial year.