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Government approves three (3) proposals of Foreign Direct Investment (FDI) amounting to ₹ 60.73 crore approximately; recommends one proposal for approval of CCEA involving FDI of ₹ 12,973.14 crore

News and Press Release - Dated:- 18-5-2016 - Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its 234th meeting held on 29th April 2016, the Government has approved three FDI proposals involving FDI of ₹ 60.73 cr .....

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. S. No Item No Name of the applicant Gist of the proposal Sector FDI (Rs. crore) 1 1 Wockhardt Limited Post facto approval for issuance of ESOPs to its two NRI employees in July 2015. Pharma 0.25 (already brought in) 2 2 Aurobindo Pharma Ltd Clarifi .....

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470 equity shares by certain NRIs and resident shareholders for an aggregate consideration of Rs. 60 crore. Pharma 60 2. The following one (01) proposal has been recommended for approval of Cabinet Committee on Economic Affairs (CCEA) under para 5.2. .....

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sis subject to the limits prescribed in amended clause 6.2.18.2.2.4(i). Financial services 12,973.14 3. The following eight (08) proposals have been deferred: S. No. Item No Name of the applicant Gist of the proposal Sector 1 5 M/s Fans Asia Pvt. Ltd .....

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received in January 2010 Construction 2 6 DCNS To set up a company in India (IndiaCo) for the purposes of conducting the business of undertaking design and industrialization studies, research and development activities and manufacturing and maintena .....

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thout FIPB approval Pharma 4 9 JCB International Co., Ltd Approval for set up a wholly-owned subsidiary company in India in order to support coordination in India for its strategic partnership with National Payments Corporation of India (NPCI) for un .....

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10 Janalakshmi Financial Services Limited Approval for swap of shares NBFC 6 12 M/s. Macmillan Publishers International Ltd, UK Approval has been sought for foreign investment of up to 100% in a new company( New Co.) , proposed to be incorporated in .....

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