Further to para 7 of the Press Release dated September 27, 2013, wherein it was stated that decision of the one proposal will be communicated separately, the Government of India has approved the proposal of Foreign Direct Investment(FDI) amounting to Rs. 31.92 crore approximately.

Following one (1) proposal has been approved:

Sl. No.	Name of the applicant	Particulars of the proposal	FDI/NRI inflows (Rs. in crore)
1	M/s Cardolite Specialty Chemicals India Pvt. Ltd., Chennai	Conversion of a wholly foreign owned Indian Company into an LLP to be engaged in making industrial products using cashew nutshell liquid technology, followed by further infusion of capital.	31.92

Foreign direct investment approval for conversion of a wholly foreign-owned company into an LLP enabling capital infusion for industrial production. Approval granted for conversion of a wholly foreign-owned Indian company into a limited liability partnership to manufacture industrial products using cashew nutshell liquid technology, with permission for subsequent infusion of foreign capital to support the LLP's business activities; this constitutes governmental clearance for the corporate reorganisation and associated inward FDI.