New Delhi, May 30: Government today cleared 21 foreign direct investment proposals envisaging Rs 35.55 crore investment, including Rs 27 crore proposal by Advanced Mineral Asia PTE for acquisition of shares in the Indian venture. Finance minister Jaswant Singh cleared these proposals on the recommendation of the foreign investment promotion board, which held a meeting on May eight, according to an official statement.

The major investment proposals pertain to business of introduction of technology for colour televisions, petrochemicals, wholesale trading, surgical equipment, printers, cameras, software development and cotton or other textile fabrics.

Singapore-based Advanced Mineral Asia PTE deals in mining, processing and selling of feldspars, industrial grade quartz, silica and sands.
Among the other proposals cleared today include pet food maker Mars Inc.’s plan to begin trading activities in India, albeit envisaging no fresh FDI inflow.
French company Essilor international will invest about Rs 6 crore in transferring shares and also issue fresh shares to foreign investors in the Indian venture. Bureau Report