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    <title>17 FDI PROPOSALS CLEARED</title>
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    <description>Seventeen FDI proposals recommended by the Foreign Investment Promotion Board were approved, covering multiple ministries and investment routes including induction of foreign equity up to 100%, majority foreign joint ventures, single brand retail with up to 51% foreign equity, equity acquisitions by foreign investors, share swap acquisitions, establishment of wholly owned subsidiaries for portfolio and investment advisory services, and conversion of NRI holdings to full equity on a non repatriation basis, with certain cases noting applicability of government press guidance for sectoral entry.</description>
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