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of <h1>India Approves Rs. 31.92 Crore FDI for Cardolite's Conversion to LLP, Boosting Cashew Shell Technology Production.</h1> The Government of India has approved a Foreign Direct Investment proposal amounting to approximately Rs. 31.92 crore. The approved proposal involves M/s Cardolite Specialty Chemicals India Pvt. Ltd., based in Chennai, which plans to convert a wholly foreign-owned Indian company into a Limited Liability Partnership (LLP). This transformation will enable the company to engage in the production of industrial products using cashew nutshell liquid technology, accompanied by an additional capital infusion.
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