Three FDI proposals worth Rs.135.84 crore cleared

New Delhi, Dec 17 (IANS) The government on Thursday said it has approved three Foreign Direct Investment (FDI) proposals amounting to Rs.135.84 crore, based on Foreign Investment Promotion Board (FIPB) recommendations.

The approved proposals were from Scalene Works People Solutions LLP, GVK Biosciences Pvt Ltd and GMS Pharma (Singapore) Pvt Ltd.

Nine proposals – from HDFC Standard Life Insurance, Tata Sikorsky Aerospace, Jupiter Satellite India, Financial Times (India) Pvt Ltd, Volvo Asset Finance lndia, Aviva Life lnsurance, Indus Way Emerging Market Fund Series ll and Firefly Networks – were deferred, while CAN Cable Pvt Ltd’s proposal was the lone one rejected.

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