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14 Foreign Investment Proposals Cleared By Foreign Investment Promotion Board

by Reshma Anand on Oct 20 2015 11:19 AM

Proposal of Alkem Laboratories, Hanon System of South Korea, BF Elbit Advanced Systems and Eucare Pharmaceuticals were approved by the board.

14 Foreign Investment Proposals Cleared By Foreign Investment Promotion Board
Indian government has cleared 14 foreign investment proposals, including that of Lupin Ltd and Alkem Laboratories Ltd.
The Foreign Investment Promotion Board (FIPB), chaired by Economic Affairs Secretary Shaktikanta Das, in its meeting considered 14 FDI proposals for approval.

Sources said the proposal of Alkem Laboratories was approved under the automatic route. Besides, proposals of Hanon System of South Korea, BF Elbit Advanced Systems and Eucare Pharmaceuticals were also approved by the board. However, the board rejected the proposal of Reliance Globalcom Ltd.

Source-PTI


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