FIPB CLEARS Rs570-CR PROPOSALS
Article Abstract:
The Foreign Investment Promotion Board approved foreign direct investment proposals of about Rs570 crore on August 1, 1998. The proposal of Prime Hazira of Mauritius to acquire the stake of the Essar group in the Essar Power project at Hazira has been cleared. The proposal of Yamaha Motor Company to invest Rs30 crore in Escorts Yamaha Motor Company through redeemable preference shares has also been approved. A proposal of Daewoo Anchor to pay a technical royalty fee of about $4 million to Daewoo Corporation of South Korea has been cleared. (khr)
Comment:
India: Foreign Investment Promotion Board approves foreign direct investment proposals of about Rs570 crore on 8/1/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ONLY A FEW INVESTORS TAKE AUTO FDI ROUTE
Article Abstract:
The automatic approval route accounts for less than 10 percent of the total foreign direct investment (FDI) approvals/flows in 1998- 99. This is despite the liberalisation of reportage norms for FDI brought in under direct approvals. The data for April-October 1998 shows that the case by case approval window is the main FDI route while the automatic approval window has accounted for only negligible approval/inflows. Automatic investments accounted for only 8.70 percent of total FDI during April-December 1998. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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