Axiom
INDIA - 91 33 4020 4020   UK - 020 3290 4536   USA - 646 480 0364
Sign In  I  Sitemap   
AxiomEstates - India Real Estate
     India Properties Worldwide
 
Bookmark and Share
E-mail Print Tell A Friend


Residential Properties

 
 
Indian Real Estate News
Govt Approves Rs 4,551-cr FDI Proposals
Source: Indian Realty News Dec 02, 2009
The government has approved 17 foreign direct investment (FDI) proposals worth Rs 4,551 crore, including that of the Federal Agency for State Property Management of the Russian Federation to buy 20 per cent stake in telecom service provider Sistema-Shyam for Rs 3,051 crore.

PepsiCo's proposal for infusion of Rs 928-crore equity into its Indian subsidiary has been referred to the Cabinet Committee on Economic Affairs (CCEA), since all proposals involving more than Rs 600-crore FDI have to be referred to CCEA. The proposal of France-based Alstom Power Holdings', Alstom Power and Switzerland-based Alstom Technology to establish two joint venture companies in India, with 51 per cent equity in one company and 49 per cent in another, has also been referred to CCEA.

Other cleared proposals include those of Delhi-based Scorpios Beverages' which would involve Rs 533.33-crore FDI and AG Mercantile to bring in Rs 329.53 crore. Besides, the proposal of Telecom Investments India for Rs 380-crore FDI was also approved.

Tag: Real Estate India, India Properties
 Leave your comments
  
Comments

Citywise News
    All India
    Kolkata
    Mumbai
    Delhi NCR
    Bangalore
    Goa
    Pune
    Chennai
    Other Cities
News Category
    Home Loans
    Announcements
    Tax and Legal
    Policy
    Commercial
    Infrastructure
    FDI
    Developer
    Others
Axiom