FDI worth Rs. 402 cr. cleared

By Our Special Correspondent

NEW DELHI, FEB. 3. The Union Minister for Commerce and Industry, Mr. Murasoli Maran, has approved 31 cases of foreign direct investment worth Rs. 402.42 crores, based on recommendations of the Foreign Investment Promotion Board (FIPB).

The proposals cleared cover various sectors such as consultancy services, investment services, computer software development, prospecting and exploration of minerals, Internet services, manufacture and export of garments, manufacture of machinery and equipment.

Among the proposals cleared are those from Reliance Industries for setting up of two LNG receipt terminals, Concorde Motors for establishing automobile retail and after-sales company and Tecumseh India Private Limited for manufacture and sale of compressors, condensing units and related controls for refrigeration and air conditioning.

Send this article to Friends by E-Mail

Section  : Business
Previous : SCI takes 20 p.c. stake in Greenfield Holding
Next     : Reflections on the Kerala model - a rejoinder