SME Times is powered by   
Search News
Just in:   • MSME credit: Liquidity crunch and delivery challenges   • May to meet EU leaders in bid to save Brexit deal  • ┼áKODA AUTO India to increase prices from January  • Congress leads in three BJP-ruled states, TRS in Telangana  • Urjit Patel quits as RBI Governor 
Last updated: 04 May, 2017  

ccea.thumb.jpg CCEA approves foreign investment proposal worth Rs 9,000 cr

FDI.9.jpg
   Top Stories
» Urjit Patel quits as RBI Governor
» 'Proactive role of central entities must to boost agri exports'
» PM calls for a fruitful Winter Session
» 'India-Russia trade needs enabling legislative framework'
» Market mayhem: Sensex tanks 713 pts, Nifty 205 pts
SME Times News Bureau | 04 May, 2017
The central government on Wednesday approved a foreign direct investment (FDI) proposal of up to Rs 9,000 crore.

The decision to approve the foreign investment proposal of Twin Star Technologies was taken by the Cabinet Committee on Economic Affairs (CCEA), whose meeting was chaired by Prime Minister Narendra Modi.

According to the CCEA, the Rs 9,000 crore investment in the name of Twin Star Technologies will be made on or before March 2025 from Twin Star Overseas, Mauritius.

"Foreign direct investment of up to Rs 9,000 crore will be received in the country (on or before March 2025) and will provide direct and indirect employment to over 30,000 people," the CCEA said in a statement.

"The investment will be through a combination of equity, compulsorily convertible debentures, compulsorily convertible preference shares and other FDl compliant instruments for undertaking downstream investment in Twin Star Display Technologies and other Indian operating companies engaged in activities eligible for receiving FDl on the automatic route."
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 12 Dec, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Increase credit flow to boost GDP: FICCI(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter