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    <title>Department of Economic Affairs disposes three (3) FDI proposals aggregating to foreign investment of 24.56 crore during October 2017</title>
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    <description>The Department of Economic Affairs disposed three FDI proposals in October 2017: two approvals and one returned as premature. Approved matters included equity issuance tied to a merger of subsidiaries into an investing company, and expansion of an Indian lessor&#039;s activities to include financial leasing alongside operating leasing. The returned proposal sought to authorise a yet-to-be-incorporated Indian investee to provide investment advisory services to overseas entities and was returned because the application was premature.</description>
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      <description>The Department of Economic Affairs disposed three FDI proposals in October 2017: two approvals and one returned as premature. Approved matters included equity issuance tied to a merger of subsidiaries into an investing company, and expansion of an Indian lessor&#039;s activities to include financial leasing alongside operating leasing. The returned proposal sought to authorise a yet-to-be-incorporated Indian investee to provide investment advisory services to overseas entities and was returned because the application was premature.</description>
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