Govt approves seven FDI proposals to tune of Rs.290 crore

The government has approved seven Foreign Direct Investment, FDI proposals to the tune of 290 crore rupees. According to the Finance Ministry, the decision was taken on the basis of recommendation of Foreign



Investment Promotion Board, FIPB. It includes 267 core rupees FDI proposal of Tikona Digital Networks to increase foreign equity. However, five investment proposals including that of pharma company were rejected.