Govt approves 12 FDI proposals worth Rs 343.99 cr

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Govt approves 12 FDI proposals worth Rs 343.99 cr
The central government on Tuesday said it has cleared 12 FDI proposals amounting to Rs 343.39 crore and kept on hold the decision on US-based Mylan Inc's proposal to acquire an Indian pharma company.

"Following the recommendations of the Foreign Investment Promotion Board (FIPB), the government of India has approved twelve proposals of Foreign Direct Investment (FDI) amounting to Rs. 343.39 crore approximately," Ministry of Finance said in written reply to a question in the Lok Sabha on Tuesday.

Dion Global Solutions Ltd.

Read more about: fdi
Story first published: Wednesday, August 7, 2013, 9:20 [IST]
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