9 FDI plans get the nod

 
Mitsui plans to invest Rs 326 crore in setting a wholly-owned subsidiary in warehousing segment and a joint venture company in container freight stations sector.

The government gave nod to a proposal by the world’s largest liquor manufacturer, Diageo, to acquire fully its joint venture with Radico Khaitan.  However, a proposal by US-based Telecordia Technologies for mobile number portability was deferred following concerns raised by the home ministry. Along with it, six other proposals were also deferred that include US-based Verizon Communications plans for transfer of equity shares.

Five proposals, including Bangladesh-based Southern CNG Automobiles plan, were rejected.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry