Finance Minister, Mr. P. Chidambaram has approved 18 Foreign Direct Investment (FDI) proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on March, 7.
The approval amounts to Rs. 1553.26 crore. The proposals are related to Ministries/Departments, namely, Chemicals & petro-chemicals, Commerce, Civil Aviation, Financial Services, Industrial Policy & Promotion, Information Technology, Information & Broadcasting, Telecommunications and Economic Affairs.
The major investment proposals pertain to the Ministries/Departments of Commerce, Financial Services, Information & Broadcasting and Economic Affairs.
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