NEW DELHI (PTI): Indian Government has approved 36 proposals worth Rs 140 crore foreign investments as recommended by the Foreign Investment Promotion Board (FIPB).
This was decided at the 11th meeting of the empowered committee under the chairmanship of the finance minister, Dr.Manmohan Singh, here April 7.
With this, the committee has, since its inception, cleared proposals envisaging total foreign
Direct investment of Rs 1150 crore.
Proposals approved include 10 projects for setting up 100% Extort Oriented Units (EOUs) in areas like spinning, knitted fabrics/ knitted garments, deepsea fishing, fruit juice concentrates/basmati rice, granite slab/monuments, computer software, double side and end multi-layer circuit boards, fax machines, fax cards.
Besides there were two proposals for setting up units under the electronic hardware technology park scheme.
Article extracted from this publication >> April 9, 1993
