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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
