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Centre clears Rs. 2,300-cr worth FDI proposals

NEW DELHI: The Centre on Monday cleared 12 proposals for foreign direct investment (FDI) worth over Rs.2,300 crore, the bulk of which is expected to come from KKR Mauritius Cement Investments and Shriram City Union Finance.

KKR Mauritius Cement Investments has proposed to invest Rs.715 crore through induction of foreign equity in an investing company, while Shriram City Union Finance's proposal was for FDI of Rs.697 crore by issuing warrants. — PTI

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