Home / Politics / News /  Govt approves $371.5 mn FDI proposals

New Delhi: The government approved 11 foreign direct investment proposals worth 2068 crore ($371.5 million) including 808 crore plans of Mauritius-based Cloverdell Investments, a government statement said on Thursday.

Finance minister P Chidambaram.

Since taking charge of the ministry last month, Chidambaram has directed officials to put FDI approvals on fast track as part of a drive to revive investor confidence after growth slowed to its slowest pace in nearly a decade.

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