Govt to consider 15 FDI proposals on July 5

Government will consider 15 foreign investment proposals, including those of Glenmark Pharmaceutical, Sistema Shyam TeleServices, Quintillion Business Media and Morgan Stanley India Primary Dealer, for approval on July 5.
Other proposals to be considered by inter-ministerial body FIPB it its meeting on July 5 include those from Mount Kailash Shipping, Rev India Ltd and FTF Pharma.
FDI proposals of Tikona Digital Network, G4S Cash Solutions Pvt Ltd and Janalakshmi Financial Services will also be considered, according to the agenda of the FIPB meeting.
India allows 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.