The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for Foreign Investment proposal of M/s. Twin Star Technologies Ltd. for foreign investment upto ₹ 9000 crore (by on or before March 2025) from Twin Star Overseas Ltd., Mauritius. The investment will be through a combination of equity, compulsorily convertible debentures, compulsorily convertible preference shares and other FDl compliant instruments for undertaking downstream investment in Twin Star Display Technologies Ltd. and other Indian operating companies engaged in activities eligible for receiving FDl on the automatic route.

Foreign Direct Investment of upto ₹ 9,000 crore will be received in the country (on or before March 2025) and will provide direct and indirect employment to over 30,000 people.

Foreign investment approval enables downstream investment using equity and convertible instruments for eligible Indian companies. Cabinet approval permits M/s. Twin Star Technologies Ltd. to receive foreign investment from Twin Star Overseas Ltd., Mauritius, to undertake downstream investment in Indian operating companies using equity, compulsorily convertible debentures, compulsorily convertible preference shares and other FDI compliant instruments for entities eligible under the FDI automatic route.