Foreign investment proposals worth Rs.74.61 crore okayed

September 23rd, 2009 NEW DELHI - The government has approved 13 foreign investment proposals worth Rs.393.62 crore, including Sterlite Technologies' plan to issue and allot warrants valued at Rs.103.95 crore on preferential basis, an official statement said Wednesday. "Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on September 11, government has approved 13 proposals of foreign direct investment amounting to Rs.

September 9th, 2009 SHIMLA - Himachal Pradesh has cleared 13 industrial proposals worth Rs.330 crore including those of Dr. Reddy's Laboratories and Johnson and Johnson, Chief Minister Prem Kumar Dhumal said here Wednesday.

September 3rd, 2009 NEW DELHI - The government Thursday approved eight foreign investment proposals amounting to Rs.1.31 crore, while deferring decision on seven others and rejecting another. Among the approved proposals, only two have fresh investment inflows: Rs.1.28 crore by telecom equipment manufacturer Tecnotree Convergence, and Rs.300,000 by power equipment maker Powermax Communications, according to data released by the Foreign Investment Promotion Board (FIPB).

August 18th, 2009 NEW DELHI - The government Tuesday cleared 10 foreign direct investment (FDI) proposals worth Rs.1,123 crore ($230.5 billion), including one by DishTV to raise Rs.750 crore through convertible bonds. Vijay Mallya-promoted United Breweries' proposal to issue convertible warrants worth Rs.219 crore also got the Foreign Investment Promotion Board's (FIPB) approval.

July 27th, 2009 SHIMLA - Pharmaceutical major Ranbaxy and fast moving consumer goods manufacturer Proctor and Gamble (P&G) are among nine companies that have been allowed to set up units in Himachal Pradesh, a senior official said Monday. "Ranbaxy and Procter and Gamble (P&G) Monday got permission from the state government to set up units in the state," industries director Manoj Kumar told IANS.

July 17th, 2009 NEW DELHI - The government Friday cleared 16 foreign direct investment (FDI) proposals valued at Rs.891.71 crore, the bulk of them for by a power project, the government said Friday. The proposals were cleared on the recommendations of the Foreign Investment Promotion Board (FIPB), which met here July 10, a finance ministry statement said.

July 1st, 2009 NEW DELHI - The government Wednesday approved 21 foreign investment proposals amounting to Rs.84.9 crore ($17.78 million). Prominent among the proposals approved by the Foreign Investment Promotion Board (FIPB) is one by Germany's BASF, which plans to invest Rs.63 crore to manufacture speciality chemicals and trade in commoditised products.

June 30th, 2009 NEW DELHI - India's largest state-run refiner, Indian Oil Corp, is planning to ramp up its capacity by over 30 percent in two years with an investment of Rs.60,000 crore ($12.5 billion), a top official said Tuesday. Indian Oil's director (refineries) B.N.

June 14th, 2009 NEW DELHI - Western India remained the most favoured investment destination for corporates in 2008-09, according to an industry lobby report. The Associated Chambers of Commerce and Industry (Assocham) said in its report, "Investment Prospects in Indian Economy in 2008-09", that the western region comprising Maharashtra, Gujarat, Goa and Daman and Diu attracted planned investments worth Rs.305,057 crore last year.

June 2nd, 2009 SHIMLA - The Himachal Pradesh government has cleared nine industrial proposals worth Rs.256.99 crore, including one of Essar Group, Chief Minister Prem Kumar Dhumal said here Tuesday. "We have cleared proposals of nine industrial houses, including Essar Group, Paragon Knits, Gujarat Flour Chemical, UB Biscuits and Wind Turbine Equipment," he told reporters.

May 27th, 2009 NEW DELHI - Rajasthan attracted investments worth Rs.69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here Wednesday said. The report, 'Investment Prospects in Indian Economy 2008-09' by the Associated Chambers of Commerce and Industry (Assocham), said Haryana, which attracted investments worth Rs.52,852 crore, came second, followed by Uttarakhand with Rs.36,059 crore.

April 27th, 2009 NEW DELHI - The government has cleared 22 foreign investment proposals worth Rs.541 crore, including a Rs.237.2-crore project of Mumbai-based telecom company Tikona Digital Networks, the finance ministry said Monday. Kolkata-based water infrastructure company Electrosteel Castings and Anant Raj Industries are also among the companies whose projects got the government nod.

March 26th, 2009 NEW DELHI - A proposal from top international events broadcaster Neo Sports and another from the US construction equipment giant John Deere were among 26 applications for foreign investment worth Rs.1,043 crore (nearly $200 million) approved by the government. Neo Sports seeks to induct foreign equity worth Rs.258.53 crore in its Mumbai-based arm that is engaged in uplinking and broadcast of non-news and current affairs programmes.

March 4th, 2009 NEW DELHI - A proposal from global hospitality major Accor to set up budget hotels in India is among the 28 foreign direct investment (FDI) proposals worth Rs.6.16 billion (Rs.616.08 crore/$119 million) cleared by the government, an official statement said Wednesday. Accor, which has 4,000 hotels across the world from economy to upscale, has made an investment of Rs.3.66 billion to develop and manage budget hotels under the name 'Formule 1'.

February 15th, 2009 NEW DELHI - India received about $32.4 billion of foreign investment in 2007-08, Minister for External Affairs Pranab Mukherjee said while presenting the interim budget 2009-10 in the Lok Sabha Monday. Foreign investment inflow during April-December 2008 was $23.3 billion, reflecting a growth of 45 percent over the same period in 2007, Mukherjee said.