FIPB to take up 12 FDI proposals on Aug 30

Inter-ministerial body FIPB will on August 30 take up 12 foreign investment proposals, including those of BNP Paribas Asset Management lndia Pvt Ltd and Sharekhan Ltd.

For private security agencies, FDI up to 49 per cent is now permitted under automatic route and beyond that and up to 74 per cent, government approval is required. (Source: Reuters)

Inter-ministerial body FIPB will on August 30 take up 12 foreign investment proposals, including those of BNP Paribas Asset Management lndia Pvt Ltd and Sharekhan Ltd.

Other proposals pertain to companies like Willmar Schwabe lndia Pvt Ltd, SAET lndia Pvt Ltd, Bashundhara Paper Mills India Pvt Ltd and Whizdm lnnovations Pvt Ltd will come up for consideration at the meeting to be chaired by Economic Affairs Secretary Shaktikanta Das, an official statement said today.

[related-post]

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 the Foreign Investment Promotion Board.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.