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16 FDI Proposals worth Rs 4,722 Cr upheld by Govt

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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.

16 FDI Proposals worth Rs 4,722 Cr upheld by Govt 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