10 FDI proposals worth Rs.505 crore cleared

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New Delhi, April 8 (IANS) The government on Friday cleared 10 Foreign Direct Investment (FDI) proposals worth Rs.505 crore, based on the recommendations of the Foreign Investment Promotion Board (FIPB), an official statement said.

Of the 10 approved proposals, Singapore-based Helix Investment’s FDI proposal was valued at Rs.475 crore.

While a total of 18 proposals were on the agenda, 10 were cleared, two were rejected and four were deferred of which Sharekhan’s proposal was one.

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