NEW DELHI, Jan 29 (PTI): The government has cleared 31 foreign direct investment (FDI) proposals worth Rs 1,277.23 crore of firms such as Morgan Stanley Financial Services, Keystone Realtors and Ramky Enviro Engineers.
“The proposals relate to ministries or departments of commerce, economic affairs, telecommunication, urban development, civil aviation, industrial policy and promotion, post and information and broadcasting,” an official statement said.
The largest investment proposals have come from Ramky Enviro Engineers and Keystone Realtors, which intend to invest Rs 320 crore and Rs 300 crore, respectively. Both plan to convert their operating companies into operating-cum-holding ones to make further downstream investment.
Mumbai-based CMS Computers will invest Rs 190 crore in converting the operating company into an operating-cum-holding company.
Besides, Morgan Stanley Financial Services has proposed Rs 100 crore investment in the Industrial Policy and Promotion sector.
Rama Cylinders’ proposal to invest about Rs 84 crore was cleared. It would issue and allot fully funded or paid warrants.
“The proposals relate to ministries or departments of commerce, economic affairs, telecommunication, urban development, civil aviation, industrial policy and promotion, post and information and broadcasting,” an official statement said.
The largest investment proposals have come from Ramky Enviro Engineers and Keystone Realtors, which intend to invest Rs 320 crore and Rs 300 crore, respectively. Both plan to convert their operating companies into operating-cum-holding ones to make further downstream investment.
Mumbai-based CMS Computers will invest Rs 190 crore in converting the operating company into an operating-cum-holding company.
Besides, Morgan Stanley Financial Services has proposed Rs 100 crore investment in the Industrial Policy and Promotion sector.
Rama Cylinders’ proposal to invest about Rs 84 crore was cleared. It would issue and allot fully funded or paid warrants.
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