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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 SectorProposed FDI
MicroVentures Investment S.A. SICARPharmaNil
Amar Ujala Publications LimitedPrint Media / Information and BroadcastingRs.50 crores
Eros International Media LimitedLLPRs. 49,90,000
CMDB II, MauritiusPharmaNil
Bhurani Enterprises LLPLLPRs.4 Crores
O-zone Networks Private Limited, DelhiInternet servicesRs.89.61 crores
M/s Chorus Call INC, USATelecomRs. 9.10 crores
Indian Rotorcraft LimitedDefenceNil
New India Biopharma LtdPharmaRs.1.7 crores
BTI Payments Pvt LtdWhite Label ATMsRs.63 crores
AGS Transact Technologies LimitedWhite Label ATMsRs.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.