<h1>Two FDI Proposals Approved by Department of Economic Affairs in October 2017, Totaling Rs. 24.56 Crore.</h1> During October 2017, the Department of Economic Affairs processed three foreign direct investment (FDI) proposals totaling Rs. 24.56 crore. Two proposals were approved: one from an investing company for issuing shares to shareholders of three wholly-owned subsidiaries of a major tech firm upon their merger, valued at Rs. 24.56 crore, and another from a leasing company to expand its activities to include financial leasing. A third proposal, from an investment advisory firm planning to serve overseas entities through an unformed Indian company, was returned as premature.