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Govt clears 41 FDI proposals worth Rs 97 crore
New Delhi, Nov 05: Government today cleared 41 Foreign Direct Investment (FDI) proposals worth Rs 97 crore, including one from Dutch major Matthey Finance Bv for setting up a wholly-owned subsidiary to sell chemical processes, catalysts and bio-chemicals involving Rs 42 crore worth of FDI inflow.
New Delhi, Nov 05: Government today cleared 41 Foreign Direct Investment (FDI) proposals worth Rs 97 crore, including one from Dutch major Matthey Finance Bv for setting up a wholly-owned subsidiary to sell chemical processes, catalysts and bio-chemicals involving Rs 42 crore worth of FDI inflow.
The proposals cleared include those for manufacturing
vegetable oils and fats, consumer goods, wholesale trading of
hi-tech engineering components, automobile components,
information technology and software development, an official
statement said here.
Singapore-based Scigen Ltd plans to invest Rs 12 crore in setting up a wholly-owned subsidiary in India to manufacture recombinant human insulin, human growth hormone etc. British major Spectris Plc also plans to set up a 100 per cent subsidiary here for wholesale trading of hi-tech precision control and measurement equipment and related components. This proposal envisages FDI worth Rs 13.32 crore.
Bureau Report
Singapore-based Scigen Ltd plans to invest Rs 12 crore in setting up a wholly-owned subsidiary in India to manufacture recombinant human insulin, human growth hormone etc. British major Spectris Plc also plans to set up a 100 per cent subsidiary here for wholesale trading of hi-tech precision control and measurement equipment and related components. This proposal envisages FDI worth Rs 13.32 crore.
Bureau Report