FIPB to meet on Friday, take up 38 FDI poposals

The finance ministry will consider proposals of Reliance Broadcast Network and ABG Shipyard and 36 others, for foreign investment, on December 31.

The Foreign Investment Promotion Board, headed by Finance Secretary Ashok Chawla, approves those foreign direct investment proposals that are not permitted under the automatic route.

According to sources, the board will consider a proposal of Reliance Broadcast Network, an Anil Dhirubhai Ambani Group company engaged in FM radio broadcasting.