On the recommendation of Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Shaktikanta Das, Government has cleared 16 foreign investment proposals amounting to Rs 4,722 crore.
- Govt rejected 8 proposals including Cipla Health and Apollo Hospitals Enterprise Limited.
Proposals cleared by Cabinet
- The Board cleared proposal of HDFC Capital Advisors Limited which alone entails investments of Rs 2,400 crore for issue of units to Green Light.
- Ageon Religare Life Insurance‘s proposal worth Rs 559.96 crore was cleared by raising the foreign shareholding from 26% to 49%.
- Sun Pharma Research Advanced Company‘s proposal worth Rs 250 crore.
- Synergia Life Sciences got approval of Rs 40 crore.
- Aditya Birla Nuvo‘s also approved by Rs 377 crore plans.
FDI limits in various Sectors of India
Sectors with 100% FDI limits | |
| Advertising | Agriculture |
| Courier services | Drugs and pharmaceuticals |
| Electricity | Films and studios |
| Hotel and tourism | Housing and real estate |
| Mining (mining of gold and silver) | Non-Banking Financial Company (NBFC) |
| Railways | Road, Highways, Ports and Harbours |
| Tourism | Special Economic Zone (SEZ) |
Sectors with 74% FDI limits | |
| Airports | Broadcasting |
| Coal and lignite | Credit information companies |
| Direct to home (DTH) | Mining (Diamonds & precious stones) |
| Satellites | Private sector banking |
Sectors with 49% FDI limits | |
| Airlines/Aviation | Defence |
| Insurance | Pension |
Sectors with 26% FDI limits | |
| Print media (Newspaper – 26% ) (Scientific & periodicals – 100% ) | FM Radio |
Sectors with 20% FDI limits | |
Public Sector Banks | |
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