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Tuesday, April 25, 2017

Foreign Investment Promotion Board (FIPB) clears six FDI proposals worth Rs 85-cr investments


The Foreign Investment Promotion Board (FIPB) has approved six proposals entailing foreign direct investment (FDI) of about Rs 85 crore and has recommended one proposal for approval from the Cabinet Committee on Economic Affairs (CCEA).

 Among the six proposals approved by the FIPB, three relate to the pharma sector. These include proposals by PMC Group International, Enaltec Labs and Bigtec Pvt Ltd.
The FIPB also approved proposals of Powervision Export and Import India, Crown Cement Manufacturing and Entrepreneur India Media Private Limited.

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