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Govt sanctions FDI proposals worth Rs 1,358cr

The Indian government has given a green signal to the FDI proposals, which are worth Rs 1,358 crore. Government has also sanctioned FDI proposals of Reliance Broadcast and Shriram Capital, which are worth Rs 45.5 crore and Rs 1,180 crore, respectively.

February 24, 2011 / 15:39 IST
     
     
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    The Indian government has given a green signal to the FDI proposals, which are worth Rs 1,358 crore. Government has also sanctioned FDI proposals of Reliance Broadcast and Shriram Capital, which are worth Rs 45.5 crore and Rs 1,180 crore, respectively.


    Moreover, ABG Shipyard's proposal to enter into defense contracts has got approved from the government. However, the decision on Shipyard's defense sector plan, Pipavav has been deferred.

    The government is referring the Rs 1,920 crore worth Airport FDI plan of GMR and Rs 4,500 crore FDI plan of Hero Investments to the cabinet panel.

    first published: Feb 23, 2011 07:13 pm

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