FIPB clears 18 FDI proposals

The Foreign Investment Promotion Board (FIPB) today cleared 18 foreign direct investment (FDI) proposals, including those of Cadila Healthcare and Tata Global Beverages Ltd.

"The FIPB cleared 18 investment proposal, including those of Cadila Healthcare and Tata Global Beverages Ltd. The inter ministerial agency considered 41 FDI proposals," a senior finance ministry official said.

10 foreign direct investment proposals were deferred, he added.

FIPB is headed by Finance Secretary Rajiv Mehrishi.