FIPB to take up 25 FDI proposals on September 22

New Delhi, Sep 10 (IANS) India’s Foreign Investment Promotion Board (FIPB) on Thursday said that it will take up 25 foreign direct investment (FDI) proposals on September 22, including those of Cipla, Sun Pharma, Aditya Birla Nuvo and HDFC Capital Advisors.

“Meeting of the Foreign Investment Promotion Board (FIPB) is scheduled on September 22…under the chairmanship of secretary (Economic Affairs),” an official statement here said.

In August, the FIPB had cleared 16 FDI proposals amounting to Rs.1,152.53 crore, which included those of Edelweiss Tokio Life Insurance, Encore Asset Reconstruction Co. and News Laundry Media.

Among others, the board in its meeting later this month, will take up proposals from Safran Engineering Services, Synergia Life Sciences, Blue Star Infotech Ltd and Gulf Packaging Machines, the statement said.

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