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Seven FDI proposals worth Rs.517.57 crore approved 

New Delhi, May 2 (IANS) The government has approved seven FDI proposals worth Rs.517.57 crore, the finance ministry said on Monday.

“Based on the recommendations of the Foreign Investment Promotion Board (FIPB), the government has approved seven proposals involving FDI (foreign direct investment) of Rs.517.57 crore, which includes post-facto amount of Rs.18.46 crore,” the ministry said in a statement.

The FIPB approved these proposals at a meeting on April 8.

The proposals approved include that of Jupiter Corporate Services, OneMarket India, Elite Screens India, Prime Living, Gulf Quarry General Trading, Helix Investment Holdings and Alchymars ICM SM.

 

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