Chidambaram Has Approved 22 Proposal of FDI

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 30th November, 2007, Finance Minister, Shri P. Chidambaram has approved 16 proposals of Foreign Direct Investment amounting approximately to Rs. 647.47 crore. The proposals related to Ministries/Departments, namely, Commerce,Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, Posts, Power, Road Transport & Highways and Economic Affairs. The major investment proposals pertain to the Ministries/Departments of Heavy Industry, Shipping, Railways Economic Affairs...more