Centre approves 23 FDI proposals

Centre approves 23 FDI proposals worth ₹10,378 cr

The government has approved 23 proposals for foreign direct investment (FDI) worth ₹10,378.92 crore.This includes 12 from pharmaceutical majors such as Glaxo, Novartis, Mylan and Natco.The approvals were given based on recommendations by the Foreign Investment Promotion Board (FIPB) in its meeting on July 13.Thirteen proposals, including ones from Sistema Shyam Teleservices and Reliance Globalcom, Bermuda, have been deferred while six proposals have been rejected.

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