Govt. cleared four FDI proposals worth Rs. 502 crore
New Delhi: Four foreign direct investment proposals totaling Rs 502 crore have been cleared by the Government.
“Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on December 9, 2013, government has approved four proposals of Foreign Direct Investment amounting to Rs 502 crore,” the Finance Ministry on Tuesday said in a statement.
The other two proposals that have been cleared are that of Air Works India (Engineering) Pvt Ltd, Mumbai and Malca Amit Global Limited, Hong Kong.
The Ministry further said decision on the Indian Rotocraft’s proposal has been kept in abeyance.
It is related to review, on the request of Ministry of Defense, of the amendment to the earlier FIPB approval to incorporate the helicopter model as AW 119Kx, the upgraded model, in place of AW 119Ke, the discontinued model.
Portal launched for online registration of madrassas in Uttar Pradesh
Lucknow: In a bid to check “irregularities in madrassas”, the Uttar Pradesh government on Friday launched aRead More
IndiGo cancels 84 flights over engine issues
Mumbai: Budget carrier IndiGo on Friday cancelled 84 flights as it grounded more of its Airbus A320Read More