Finance Ministry clears nine FDI Proposals

The Finance Ministry gave the green signal to nine foreign direct investment proposals worth approximately INR2.94 billion The proposals included an INR1.48 billion investment by Rio Tinto Singapore Holdings Pte. Ltd. of Singapore for the manufacturing of activated alumina.

The ministry also cleared an INR 1 billion investment proposal by J.P. Morgan India Property Mauritius Company II, of Mauritius to subscribe to equity shares and to act as an operating/holding company for downstream investments in hotel, hospitality and hospitality service sector.

News Published Under:   Foreign Direct Investment in India, Real Estate India |

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