Online edition of India's National Newspaper
Friday, Oct 19, 2007
ePaper
Online edition of India's National Newspaper Friday, Oct 19, 2007 ePaper |
|
|
|
|
|
|
| Business |
|
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
Business
NEW DELHI: The Government on Thursday cleared 14 foreign direct investment (FDI) proposals worth Rs. 1,257 crore, including those of the Mauritius-based Essar Telecom Holdings Ltd. and the U.S.-based Goldman Sachs Asset Management (GSAM). The proposals include induction of foreign equity worth Rs. 500 crore by Essar Telecom Holdings and Rs. 200 crore from GSAM, according to an official release here.
The FDI proposals cleared also included a Rs. 480-crore plan by Greenko Mauritius to convert its operating company Balaji Biomass Power Pvt. Ltd. into an operating-cum-holding firm for making downstream investments in power projects. The inflows from Essar Telecommunication Holdings, Mauritius, will be used as 100 per cent foreign equity in a firm engaged in infrastructure for Internet Protocol. The proposals related to different areas of industry, including renewable energy, IT, telecom and bio-technology.
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |
Copyright © 2007, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
