Delhi okays 18 FDI proposals
New Delhi - Arabstoday
The Indian government on Wednesday said it has approved 18 foreign direct investment (FDI) proposals worth Rs.122.79 crore but deferred 16 proposals, including the sale of stake by Essar to Vodafone.The major monetary inflow includes a Rs.81.62 crore investment proposal by Pipavav Defence and Offshore Engineering Company in shipbuilding and ship repairs and Rs.17.77 crore investment by Air Works India (Engineering) Private Ltd, the finance ministry said.The Foreign Investment Promotion Board also okayed Disney Company India’s proposal for additional activity of broadcasting and downlinking in the country. From / Gulf Today
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