Indian Government Gives The Green Signal To 21 FDI Projects, Should Bring In More Foreign Investments
Sep 16, 2014, 16:54 IST
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The committee was handed a list of 35 proposals in various sectors and by multiple companies, out of which FIPB gave the go ahead to 21 of them. Bharti shipyard was the lucky one to get the go from the board, whereas Sistema Shyam’s request to raise foreign holdings was denied. Others who got the right to pass is Verizon who got 100% FDI approved, Kineco Kaman Composites India in the defence sector and ANZ capital in finance sector.
This should give a boost to the Indian economy, which is slowly yet steadily rising. The move will also give more confidence to foreign investors.
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