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Business News/ Politics / Policy/  FIPB to take up 19 investment proposals this week
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FIPB to take up 19 investment proposals this week

Foreign investment proposals to be taken up for consideration include those of Dr Reddy's, JC Decaux Advertising, BMJ Group India, Oxford University Press among others

In the previous meeting, FIPB had given its approval to four foreign investment proposals entailing an investment of over Rs2,000 crore.Premium
In the previous meeting, FIPB had given its approval to four foreign investment proposals entailing an investment of over Rs2,000 crore.

New Delhi: Inter-ministerial body FIPB will this week take up 19 foreign investment proposals, including those of Dr Reddy’s Laboratories and JC Decaux Advertising.

The Foreign Investment Promotion Board, headed by economic affairs secretary Shaktikanta Das, is scheduled to meet on 27 October. As many as 19 proposals are on the agenda. Other investment proposals on the table include those of BMJ Group India, Crest Premedia Solutions, Oxford University Press, Fans Asia, Flag Telecom Singapore Pte, and Barracuda Camouflage.

In the previous meeting, FIPB had given its approval to four foreign investment proposals entailing an investment of over Rs2,000 crore.

It had rejected a similar number of proposals, including that of BT Global Communication to acquire the remaining 26% stake in BT Telecom India. In the last meeting, FIPB had also deferred decision on three proposals, including that of Idea Cellular Infrastructure Services.

India allows FDI in most sectors through the automatic route, but in certain segments considered sensitive for the economy and security, the proposals have to be first cleared by FIPB. The government has taken a slew of measures in the recent past to boost foreign direct investment into the country.

FDI in the country grew by 29% to $40 billion in 2015-16 as against $30.94 billion in the previous financial year.

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Published: 23 Oct 2016, 01:35 PM IST
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