The Foreign Investment Promotion Board (FIPB) has cleared six FDI proposals envisaging foreign investment including the IIFL Holdings.
Outlay : Rs 1,810 crore
Approved Proposals : IIFL Holdings, Agile Electric Sub Assembly, Sharekhan Ltd, SeQuent Scientific and US-based Monsoon Capital for investment Alternative Investment Trust (AIF).
Rejected proposals : Volkswagen Finance for investment in treasury bills, government securities, mutual funds and corporate debts.
Foreign Investment Promotion Board :
The Foreign Investment Promotion Board (FIPB) is a national agency of Government of India, with the remit to consider and recommend foreign direct investment (FDI) which does not come under the automatic route. It provides a single window clearance for proposals on FDI in India.
The Foreign Investment Promotion Board (FIPB) is a national agency of Government of India, with the remit to consider and recommend foreign direct investment (FDI) which does not come under the automatic route. It provides a single window clearance for proposals on FDI in India.
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