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Government Approves one Proposal of Foreign Direct Investment

Further to para 7 of the Press Release dated September 27, 2013, wherein it was stated that decision of the one proposal will be communicated separately, the Government of India has approved the proposal of Foreign Direct Investment (FDI) amounting to Rs. 31.92 crore approximately.

Following one (1) proposal has been approved:

Sl. No.

Name of theapplicant

Particulars of the proposal

FDI/NRIinflows

(Rs. in crore)

1

M/s CardoliteSpecialty Chemicals India Pvt. Ltd., Chennai Conversion of a wholly foreign owned Indian Company into an LLP to be engaged in making industrial products using cashew nutshell liquid technology, followed by further infusion of capital.

31.92

 

Tags: AsiaFDIforeign direct investmentForeign Investment Promotion BoardForeign ownershipGovernment of IndiaIndiaPress Release

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