FDI proposals worth Rs.988.3 crore approved

The government has approved 20 proposals of foreign direct investment (FDI) amounting to Rs.988.3 crore, an official statement said here Friday.

"Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 16, 2014, the government has approved twenty proposals of Foreign Direct Investment amounting to Rs.988.3 crore approximately," the finance ministry statement said.

Some of the proposals that got clearances are - Bharti Shipyard, Solar Industries, Hatsoff Helicopter Training, Verizon Communications, Ironman Media and Advisory Services and Indusind Bank.