Mar. 30 – The government has cleared 23 foreign direct investment proposals amounting to more than Rs.23.25 billion, or about US$510 million.
The highest FDI proposals came from broadband services provider Tikona Digital Network followed by components maker Bharat Forge and medical device maker Opto Circuits. “The Union Government has approved 23 FDI proposals amounting to approximately Rs.2,325.21 crore,” according to an official statement.
The government did not approved all submitted FDI proposals and has decided to postpone eight proposals that include projects from Essar Capital Holding, Verizon Communications and Etisalat DB Telecom while also rejecting six other FDI proposals.
About Us
India Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Delhi, Mumbai, and Bengaluru in India. Dezan Shira & Associates is part of the Ascentium Group, a global business services platform with over 2,900 professionals across 58 cities in 27 markets, strengthening the firm's on-the-ground ability to support clients across Asia and globally.
For a complimentary subscription to India Briefing's content products, please click here. For support with establishing a business in India or for assistance in analyzing and entering markets, please contact the firm at india@dezshira.com or visit our website at www.dezshira.com.
Get the setup decisions right the first time.
Our India corporate team offers a fully integrated establishment solution.
