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Union government approves 10 FDI proposals worth Rs. 2,858 cr

Industry Economy

The Union government has approved 10 proposals for foreign direct investment (FDI) amounting to Rs. 2,857.83 crore. Few of them are, Air Works India (Engineering) Private Ltd’s proposal for increasing foreign equity investment (Rs. 40 crore); Ostro Energy's proposal to invest Rs. 1,400 crore over four-five years in wind energy assets in India via downstream investment; IPCA Laboratories’ proposal for FII investment up to 35 per cent (Rs. 900 crore); and Syngene International, Bangalore's approval for 10 per cent foreign equity participation in the company (Rs. 380 crore). 

Extracted from HBL, Mar 25,’15

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