The Hindu : 33 FDI proposals cleared

Online edition of India's National Newspaper
Sunday, February 11, 2001

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Business \| Previous 33 FDI proposals cleared By Our Special Correspondent NEW DELHI, FEB. 10. The Union Commerce and Industry Minister, Mr. Murasoli Maran, today cleared 33 proposals for foreign direct investment worth Rs. 362 crores. These include the proposal of a software company, iFrameIndia. Com's for development of software in the Internet and Internet-based applications involving an investment of Rs. 138 crores. The proposals have been cleared on the basis of recommendations made by the Foreign Investment Promotion Board (FIPB), according to an official release. The other proposals for investment in the software sector include one by IBM India for manufacturing, marketing and export of computer systems and network product software. There is also a proposal by Marconi Communication of the U.K. for setting up a 100 per cent subsidiary in this country with an estimated investment of Rs. 23 crores. Send this article to Friends by E-Mail
Section : Business Previous : Forex reserves cross $41b
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Copyrights © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu

Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home

Business \| Previous 33 FDI proposals cleared By Our Special Correspondent NEW DELHI, FEB. 10. The Union Commerce and Industry Minister, Mr. Murasoli Maran, today cleared 33 proposals for foreign direct investment worth Rs. 362 crores. These include the proposal of a software company, iFrameIndia. Com's for development of software in the Internet and Internet-based applications involving an investment of Rs. 138 crores. The proposals have been cleared on the basis of recommendations made by the Foreign Investment Promotion Board (FIPB), according to an official release. The other proposals for investment in the software sector include one by IBM India for manufacturing, marketing and export of computer systems and network product software. There is also a proposal by Marconi Communication of the U.K. for setting up a 100 per cent subsidiary in this country with an estimated investment of Rs. 23 crores. Send this article to Friends by E-Mail
Section : Business Previous : Forex reserves cross $41b
Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home
Copyrights © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu