Press Esc to close
Friday 29 May 2015
News updated at 2:39 AM IST
Weather
Max: 33°C
Min : 22.3°C
In Bengaluru
Sunny day

Six FDI proposals worth Rs.732.77 crore approved

New Delhi, March 26, 2013 (IANS):

The government Tuesday said it has approved six proposals of foreign direct investment (FDI) amounting to Rs.732.77 crore.

The Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram had cleared the FDI proposals at a meeting held March 6.

"Based on the recommendations of FIPB in its meeting held on March 6, 2013, the government has approved six proposals of FDI amounting toRs.732.77 crore," the finance ministry said in a statement.

The highest amount of overseas fund inflow is related to an Hyderabad-based infrastructure firm Navayuga Road Projects. The company is investing Rs.357.60 crore to make downstream investments in its special purpose companies.

This is followed by Mumbai-based SIDBI Social Venture Trust, which has got approval to receive Rs.285 crore foreign investment to allot 'Class A' units of the fund to bring foreign investment.

The government also approved Malaysian budget carrier AirAsia's proposal to set up a new airline in the Indian civil aviation sector with partners like the Tata Group and Arun Bhatia promoted Telestra Tradeplace.

The initial investment approved for the new airline stands at Rs.80.98 crore.
The government has also deferred seven proposals and rejected one.


Go to Top

Photo Gallery
Devotees arrive at Sangam to take holy bath in Ganga River

Devotees arrive at Sangam to take holy bath in Ganga River

Students celebrate their success after the announcement of CBSE class 10th results...

Students celebrate their success after the announcement of CBSE class 10th results...

Monkeys drink water from a tap on a hot day...

Monkeys drink water from a tap on a hot day...

Bollywood actors Arjun Kapoor, Shahid Kapoor, Sonakshi Sinha, Anil Kapoor and Hrithik Roshan...

Bollywood actors Arjun Kapoor, Shahid Kapoor, Sonakshi Sinha, Anil Kapoor and Hrithik Roshan...

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar sit on Silver Throne...

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar sit on Silver Throne...

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar and Pramoda Devi Wadiyar....

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar and Pramoda Devi Wadiyar....

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar sit on Silver Chariot...

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar sit on Silver Chariot...

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar perform a Yagna during....

Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar perform a Yagna during....

Relatives of Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar ...

Relatives of Adopted son Yadhuveer Krishnadatta Chamaraja Wadiyar ...

Yaduveer Krishnanadatta Chamaraja Wadiyar at a ritual in Mysore on Wednesday....

Yaduveer Krishnanadatta Chamaraja Wadiyar at a ritual in Mysore on Wednesday....

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523