National   

Walt Disney's FDI proposal cleared

NEW DELHI OCT. 10. The Centre today cleared Walt Disney's Foreign Direct Investment proposal to set up a subsidiary with 100 per cent foreign equity for production of family entertainment.

This is among the 44 FDI proposals worth Rs. 180 crores recommended by the Foreign Investment Promotion Board.

Walt Disney would invest Rs. 50 crores worth FDI in its subsidiary in India.

The other major investment proposals cleared by the Finance Minister Jaswant Singh, pertain to road transport and highways, food processing industries, information and broadcasting, information technology, power and textiles, as per an official statement. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

National

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Ideology no bar to appointment of public prosecutors: Advani
• BJP undecided on fielding CMs
• Walt Disney's FDI proposal cleared
• A township for Pandits
• Kalam dreams of space habitat
• Memories and moist eyes
• Dara Singh moves HC
• Retd. Vice-Admiral killed in road accident
• Cong. demands statement from PM on DRDO theft
• Rallies in Kolkata against court curbs
• Best Bakery case: more surrender
• CBI has exceeded brief, says Cong.
• NHRC notice to J&K Govt.
• Agnivesh wants PM to stop VHP rally
• Govt. organisations differ over new quality norms for soft drinks
• BJP directive to party leaders
• Central Govt. vindictive, say Cong. leaders
• SC ruling on anticipatory bail
• War of words over ICHR posting
• Narrow escape for Rajya Sabha MP
• Pact for acquiring AWACS signed

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu