Press Information Bureau

Government of India

Ministry of Finance

09-October-2012 18:54 IST

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 18, 2012, Government has approved14 Proposals of Foreign Direct Investment amounting toRs.113.35crore approximately.

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Foreign direct investment approvals follow FIPB recommendations, with multiple proposals cleared under central government approval. Government approval was issued for Foreign Direct Investment approvals based on recommendations of the Foreign Investment Promotion Board; following the FIPB meeting of September 18, 2012, the central government cleared fourteen separate FDI proposals, constituting a group of approved investment proposals submitted for administrative clearance.