Finance Ministry Approves 17 New FDI Projects
A fresh round of FDI approvals came in from the Finance Ministry on Tuesday, upon the recommendation of the Foreign Investment Promotion Board. All of 17 FDI projects were cleared, involving an investment of Rs. 122.3 crore.
The FDI approvals include projects by Starlight Real Estate and Carlson
Hotels. The latter’s Asia Pacific division will set up a joint venture with Elbrus Builders, Unitech and Lavenders for a hotel in Noida at an equity investment of Rs.2.6 crore.
Starlight Real Estate will utilize the start-up capital of Rs.42 crore
to invest in hotels, hospitals and SEZs in India.
Other proposals accorded approval include First Flight Couriers,
Quipo Telecom Infrastructure, Kerstin Rohrig Bendrof, Amalgamated
Plantations, Shantha Biotechnics Delta Energy Systems, Nord Drive Systems,
Value Source Technologies, I-Velozity, Inverness Medical Innovations,
Khanna Speciality Retail and Distributors and DE Shaw Composite Investment.
| Related Readings: |
| Kerala Seeks Foreign Investment Indian Government Clears 23 FDI Proposals Single cap for FDI, FII on the cards |
|
Add to your
Social Bookmarks: |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Photo: Rashtrapati Bhavan Mughal Garden New Delhi 02 by Ravinder1212, licensed under CC BY-SA 4.0, via Wikimedia Commons.
