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Govt. nods for nearly Rs 4,600 crore foreign investments

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Though the Indian market is stagnant with low liquidity and funds for further processing of its incomplete and fresh projects, there is still a long queue of overseas interested parties waiting to explore the Indian market. As per the sources reported at www.propertykhazana.com the Indian govt. has recently made approval for 17 new application of foreign direct investment amounting around Rs 4555 crore.
It also includes 20 percent of share at a telecom service provider by Federal Agency for State Property Management of Russia with worth Rs 3051 crore. The FDI approval list is trailed by the infusion of Rs 928 crores of equity by Pepsi Co is at the table of cabinet Committee Economic Affairs for further scrutiny. All the affairs rising up to the mark of Rs 600 crore for the norms of FDI have to pass through the litmus testing of Cabinet Committee on Economic Affairs as added by source on www.propertykhazana.com.
In addition it has Alstom power Holding of France and another Alstom Technology from Switzerland is also waiting for their turn to get on the table of CCEA as both is marked with 51 percent and 49 percent equity respectively. The cleared applications of FDI includes the one with worth Rs 533.33 crore – Scorpios Beverages and other one AG mercantile amounting nearly Rs 329.53 crore says the sources reported at www.propertykhazana.com. Apart from this a telecom FDI proposal with worth nearly Rs 380 crore also has got green signal from the govt. authority for further proceedings. For more and latest real estate updates browse www.propertykhazana.com.
Source: NBTVLIVE

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