Government approves seven FDI proposals worth Rs 517.57 crore

| Monday, May 2, 2016 - 19:03
First Published |

Finance ministry approves FDI proposals worth Rs 517.57 crore

New Delhi: The government has approved seven FDI proposals worth Rs.517.57 crore, the finance ministry said on Monday.

"Based on the recommendations of the Foreign Investment Promotion Board (FIPB), the government has approved seven proposals involving FDI (foreign direct investment) of Rs 517.57 crore, which includes post-facto amount of Rs 18.46 crore," the ministry said in a statement.

(Also Read: Liberal investment norms can double US FDI in India, says US Department of State)

The FIPB approved these proposals at a meeting on April 8.

The proposals approved include that of Jupiter Corporate Services, OneMarket India, Elite Screens India, Prime Living, Gulf Quarry General Trading, Helix Investment Holdings and Alchymars ICM SM.

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