22 FDI Projects worth Rs 3951.61 Crores Is Approved
05/09/2014 10:57:00
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Government Approves Twenty Two Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 3951.61 Crore
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on August 1, 2014, the Government has approved 22 proposals of Foreign Direct Investment (FDI) amounting to Rs. 3951.61 crore approximately.
Details of 22 proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 01.08.2014 and approved by the Government are as follows:
| Sno | Company Name | Proposed Amount | Sector |
| 01 | M/s ARKRAY Healthcare Private Ltd |
Rs 100 Crores |
Pharma |
| 02 |
M/s Shalina Laboratories Private Ltd. | Rs.46 Crore | Pharma |
| 03 |
M/s Dashtag, U.K. |
Rs. 70 crore (approx.) | Pharma |
| 04 |
M/s Baxter (India) Private Limited, Gurgaon |
Rs.327.39 crore | Pharma |
| 05 |
M/s Telenor Mobile Communications AS, Norway through Telenor South Asia Investment Pte. Limited(TSAI), Singapore |
Rs. 780.86 crore | Telecom |
| 06 |
M/s Tikona Digital Networks Pvt. Ltd., Mumbai | Rs. 250 crore (approx.) | Telecom |
| 07 |
M/s. Netmagic Solutions Private Limited, Mumbai | Rs. 575 Crore | Telecom |
| 08 |
M/s Verdant Telemetry & Antenna Systems Pvt. Ltd. | Rs. 00.23 Crore | Defence |
| 09 |
M/s Genpact India, Delhi | Nil |
IT |
| 10 |
M/s Appdynamics Asia Pacific Pte Limited, Singapore | Rs. 0.70 Crore (approx.) | IT |
| 11 |
M/s Franklin Templeton Asset Management (India) Pvt Ltd. | Nil |
Others |
| 12 |
M/s Equitas Holding Private Limited, Tamil Nadu | Nil (NR to NR Transfer) | Others |
| 13 |
M/s Aviation Solutions (INDIA) Private Limited, Mumbai | Rs. 0.06 Crore | Aviation |
| 14 |
M/s PAMP Gold LLC, Dubai (UAE) | Rs.0.35 Crore (approx) | Others |
| 15 |
M/s Vik-Sandvik Design India Private Limited, New Delhi | Nil |
Others |
| 16 |
M/s Soma Tollways Private Limited. | Rs. 330 crore (already effected) | Others |
| 17 |
M/s KSK Energy Ventures Limited | Rs. 1050 crore (approx.) | Power |
| 18 |
Religare Credit Opportunities Fund Scheme-I of M/s Religare Credit Investments Trust | Rs. 500 crore | NBFC |
| 19 |
M/s Innisfree Cosmetics India Pvt. Ltd. | Rs. 70 crores | Trading |
| 20 |
M/s Alhcon Parenterals (India) Limited | Rs. 82.80 Crores (approx.) |
Pharma |
| 21 |
M/s InterGlobe Aviation Limited, New Delhi | Nil (Cashless Basis) | Aviation |
| 22 |
M/s Telcordia Technologies Inc., USA | Rs. 7.25 crore | Telecom |
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