Government Approves Eleven Proposals of FDI

New Delhi : Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th September 2015, Government has approved 11 proposals of Foreign Direct Investment (FDI) amounting to Rs 1,567.91 crore.

In addition, two proposals viz., M/s Sistema Shyam TelServices Ltd involving an FDI of Rs 10,000 crore, and M/s IIFL Holdings Limited involving an FDI of Rs 3201.5 crore, have also been recommended for consideration of Cabinet Committee on Economic Affairs.

Read the complete list here

While, the 2 proposals have been recommended by the FIPB for approval of Cabinet Committee on Economic Affairs (CCEA) as the investment involves an inflow of more than Rs. 3000 crores in accordance with Para 5.2.2 of the Consolidated FDI Policy 2015.

Additionally, 6 proposals have been deferred, 4 proposals have been rejected and 2 items were listed as table items and have been recommended for approval.

The total FDI Inflow in the cases recommended for approval is Rs. 14,769.41 crore out of which two proposals with a total FDI of Rs.13,201.5 crore have been recommended for consideration of the Cabinet Committee on Economic Affairs.

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