Government has cleared seven foreign direct investment proposals. The proposals worth 981.15 crore rupees have been cleared by the Finance Ministry following recommendations by the Foreign Investment Promotion Board, FIPB. Hathway Cable and Data Com Ltd have got approval for increasing foreign investment limit for Foreign Institutional Investors, FIIs and Foreign Portfolio Investors, FPIs, among others. Meanwhile, the FIPB headed by Finance Secretary Rajiv Mehrishi will meet again today to decide on over 40 investment proposals.
News On AIR | July 30, 2015 8:06 AM
Govt clears seven FDI proposals worth Rs 981.15 cr