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.
The Approved proposals are given below :
|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.