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Government Approves Eleven Proposals of FDI

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On 11th September 2015 Government approved the recommendations made by Foreign Investment Board (FIPB).Govt Approved Eleven proposals of FDI by investing an amount of Rs. 1,567.91 crore.

fdi_11 proposals

The Approved proposals are given below :

Name Sector Proposed FDI
MicroVentures Investment S.A. SICAR Pharma Nil
Amar Ujala Publications Limited Print Media / Information and Broadcasting Rs.50 crores
Eros International Media Limited LLP Rs. 49,90,000
CMDB II, Mauritius Pharma Nil
Bhurani Enterprises LLP LLP Rs.4 Crores
O-zone Networks Private Limited, Delhi Internet services Rs.89.61 crores
M/s Chorus Call INC, USA Telecom Rs. 9.10 crores
Indian Rotorcraft Limited Defence Nil
New India Biopharma Ltd Pharma Rs.1.7 crores
BTI Payments Pvt Ltd White Label ATMs Rs.63 crores
AGS Transact Technologies Limited White Label ATMs Rs.1350 crores (fresh issue of Rs.400 crore and sale of shares from existing non-resident investors Rs.950 crores).

 

Two proposals recommended for the consideration of cabinet Committee Economic Affairs.The two proposals are made by Sistema Shyam TeleServices Ltd and IIFL Holdings Limited

Rejected Proposals By the Board (4) : Mantri Developers Private Limited, Almondz Insurance Brokers Private Limited, Bean Media Group Pty Ltd, Sterling Fabory India Private Limited..

Deferred Proposals(6)  : ii5 Technologies Pvt ltd, Reliance Globalcom Limited., Bermuda, Indian Herbs Specialities Private Limited, Apollo Hospitals Enterprise Limited, Aegon Religare Life Insurance and FireFly Networks Limited.