ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
New Delhi: The Indian government approved 11 proposals of Foreign Direct Investment (FDI) amounting to Rs. 2067.98 crore approximately on Thursday, September 13.
"Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government has approved 11 Proposals of Foreign Direct Investment amounting to Rs. 2067.98 crore approximately," said a government statement.
"The Press Release dated August 23, 2012 has been modified and the proposal of M/s Cloverdell Investments Ltd. Mauritius worth Rs. 808.06 crore (FDI/NRI inflows), which was pending for certain clarification, has also now been approved.
"The proposal was related to induction of foreign equity in an operating NBFC with downstream investments in companies engaged in/proposed to be engaged, inter alia, in the business of housing finance, stock broking (including derivatives and currency derivatives broking), depository participant service, commodity broking and investment advisory activities," the statement said.
The Union Cabinet on Friday, September 14, approved 51% FDI in single-brand product retail trading after amending certain conditions in the policy. The Cabinet Committee on Economic Affairs also relaxed rules for FDI in the aviation sector, allowing international airlines to invest upto 49 percent in domestic airline firms.
New Delhi: The Indian government approved 11 proposals of Foreign Direct Investment (FDI) amounting to Rs. 2067.98 crore approximately on Thursday, September 13.
"Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government has...
New Delhi: The Indian government approved 11 proposals of Foreign Direct Investment (FDI) amounting to Rs. 2067.98 crore approximately on Thursday, September 13.
"Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government has approved 11 Proposals of Foreign Direct Investment amounting to Rs. 2067.98 crore approximately," said a government statement.
"The Press Release dated August 23, 2012 has been modified and the proposal of M/s Cloverdell Investments Ltd. Mauritius worth Rs. 808.06 crore (FDI/NRI inflows), which was pending for certain clarification, has also now been approved.
"The proposal was related to induction of foreign equity in an operating NBFC with downstream investments in companies engaged in/proposed to be engaged, inter alia, in the business of housing finance, stock broking (including derivatives and currency derivatives broking), depository participant service, commodity broking and investment advisory activities," the statement said.
The Union Cabinet on Friday, September 14, approved 51% FDI in single-brand product retail trading after amending certain conditions in the policy. The Cabinet Committee on Economic Affairs also relaxed rules for FDI in the aviation sector, allowing international airlines to invest upto 49 percent in domestic airline firms.
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