NEW DELHI: The Foreign Investment Promotion Board (FIPB) on Saturday cleared seven FDI proposals in Indian pharmaceutical companies, while deferring three cases on concerns of ownership control.
"FIPB has considered all the applications, and taken decisions on merit ... We have cleared 7 proposal and deferred 3," a finance ministry official said after the meeting of the board.
The FIPB, headed by Department of Economic Affairs secretary Arvind Mayaram, discussed 30 Foreign Direct Investment (FDI) proposals, including 10 from pharma sector.
"FIPB has considered all the applications, and taken decisions on merit ... We have cleared 7 proposal and deferred 3," a finance ministry official said after the meeting of the board.
The FIPB, headed by Department of Economic Affairs secretary Arvind Mayaram, discussed 30 Foreign Direct Investment (FDI) proposals, including 10 from pharma sector.
0 comments:
Post a Comment