Abcl, 62 Fdi Proposals Cleared

This involves a total inflow of Rs 541 crore with an export projection of Rs 1900 crore over five to seven years, in software, engineering, electronics, power, financial services, pharmaceuticals, etc. Approvals have been given to 16 proposals for 100 per cent subsidiaries. These include GM Loco-motive Group's proposal for investing $5 million to manufacture support services for Indian Railways, the Rs 10 crore venture by Danish company Micon AS for assembling and producing wind turbine and power plant.